Securities

On 14 November 2023, the European Securities and Markets Authority (ESMA) updated its document setting out links to Member State websites where net short positions in shares are disclosed.

Article 9 of the Regulation on short selling and certain aspects of credit default swaps provides that net short position in shares should be

On 14 November 2023, the European Securities and Markets Authority (ESMA) updated its document setting out links to Member State websites where net short positions in shares are disclosed.

Article 9 of the Regulation on short selling and certain aspects of credit default swaps provides that net short position in shares should be

On 20 March 2023, the FCA updated its webpage on notification and disclosure of net short positions.

The webpage has been updated to provide the following updates:

  • Revised list of exempted shares (LES) available from 1 April 2023 – The FCA has undertaken a second review of the LES (as required under the UK Short

On 3 February 2023, the European Securities and Markets Authority (ESMA) updated its Questions and Answers (Q&As) on the Prospectus Regulation.

The Q&As have been updated to include the following Q&A:

Question: Article 1(4)(d) of the prospectus regulation states: “The obligation to publish a prospectus set out in Article 3(1) shall

On 7 December 2022, the European Commission published the following proposals which follow up on its commitment to simplify EU listing rules, as detailed in Action 2 of the 2020 Capital Markets Union Action Plan:

On 2 December 2022, HM Treasury published updated statutory guidance to assist in the implementation of, and compliance with the Russia (Sanctions) (EU Exit) Regulations 2019. The guidance has been updated to clarify the application of the prohibition on provision of technical assistance, financial services or funds related to G7 dependency and further goods.

On 13 October 2022, the European Securities and Markets Authority published updated questions and answers (Q&As) on the Prospectus Regulation.

The Q&As now include Question 15.9:  Prospectus exemption in connection with a takeover by means of an exchange offer.

On 17 August 2022, the Financial Conduct Authority (FCA) updated their webpage on Discussion Paper 22/2: Primary Markets Effectiveness Review: Feedback to the discussion of the purpose of the listing regime and further discussion.

The webpage has updated the section on ‘Next steps’ noting that the period for commenting on the Discussion Paper

On 7 July 2022, the European Securities and Markets Authority (ESMA) issued a public statement on prospectus supervision in the context of EU sanctions connected to Russia’s invasion of Ukraine.

The statement alerts stakeholders to the European Commission’s FAQs, which cover the scope and implementation of EU sanctions and concerns whether there is sufficient legal