HONG KONG: SFC Concludes Hong Kong Short Selling Position Reporting Rules

Friday February 10 2012

The Securities and Futures Commission (SFC) today publishes the conclusions to the Further Consultation on the Securities and Futures Rules ended in November 2011.  The proposed Rules attached to the conclusions will be submitted to the Legislative Council for consideration. Subject to the legislative process, the Rules will come into effect on 18 June 2012. The proposed Rules have provided for reporting of Hong Kong short selling positions on a net basis. They also have been modified to provide greater clarity in certain areas, including reporting obligations in relation to corporate “”umbrella”” funds and jointly owned short positions.

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