Hong Kong’s SFC expands scope of short reporting
25 February 2016 Hong Kong
Image: Shutterstock
The Securities and Futures Commission (SFC) will broaden short selling reporting rules to cover all securities that can be sold short through the Hong Kong Stock Exchange.
The reporting threshold for stocks will not change, while the threshold for collective investment schemes will be set at HKD 30 million (US$ 3.86 million).
Hong Kong's current reporting threshold is the lower of 0.02 percent of the stock’s market capitalisation, or HKD 30 million.
The proposed amendments, which were reached with market consultation, will now be submitted to the Legislative Council for negative vetting.
The amended rules are currently set to come into effect on 15 March 2017, but are subject to the legislative process.
The SFC says it will make further announcements regarding operational reporting arrangements for the expanded regime “in due course”.
The reporting threshold for stocks will not change, while the threshold for collective investment schemes will be set at HKD 30 million (US$ 3.86 million).
Hong Kong's current reporting threshold is the lower of 0.02 percent of the stock’s market capitalisation, or HKD 30 million.
The proposed amendments, which were reached with market consultation, will now be submitted to the Legislative Council for negative vetting.
The amended rules are currently set to come into effect on 15 March 2017, but are subject to the legislative process.
The SFC says it will make further announcements regarding operational reporting arrangements for the expanded regime “in due course”.
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