JAPAN: FSA move to curb Japan short selling

Thursday July 14 2011

In relation to Japan short selling, it is being reported that the Japanese Financial Services Agency plans to introduce rules to stop investors from buying shares in a follow-on public offering if they had shorted them after the issuance was announced. The new rule sets out that investors who short sell shares between the day after a company announces an offering and the time the offering price is set out, will not be permitted to buy the newly issued shares.

This information will be updated as further details become available.