HONG KONG: Revised FAQs on Hong Kong short selling position reporting

Wednesday February 20 2013

The SFC has published updated Frequently Asked Questions on the reporting of Hong Kong short selling positions. The SFC has added new questions B3, B9, B10, B11, B12, B13, C5 and D6. The questions concern the following:

• clarification that the rules apply only to the specified shares (not the Designated Securities foor which short selling is permitted) and do not extend to financial instruments
• treatment of dually-listed shares
• creation date of a short position
• market capitalisation and calculation of a short position
• clarification that no reporting requirement exists where a short position falls below the reporting threshold
• reporting deadlines and public holidays
• changing contact information

Click on the above link for the updated FAQs.