This section tracks global updates to shareholding disclosure requirements, covering transparency obligations and filing thresholds.
Monthly Updates
📅 Last Updated: 31/03/2025
| Sub Category | Region | Earliest Adoption Date (Can Apply) | Latest Adoption Date (Must Apply) | Update Title | Short Description | Details | FA Product Impact | Status | FA Outreach | Source Link |
|---|---|---|---|---|---|---|---|---|---|---|
| US Short Selling Reporting (Rule 13f-2) | US | Jan 02 2025 | Jan 02 2025 | US-Short Selling (13f-2 Rule) | Form SHO includes two tables. On Table 1, information on the issuer's security, the number of shares of the reported quity security that represents the manager's gross short position at the close of the last settlement date of the calendar month reporting period, and the corresponding U.S. dollar value of this reported gross short position are reported. On Table 2, the "net" activity in the reported equity security is reported. | Form SHO includes two tables. On Table 1, information on the issuer's security, the number of shares of the reported quity security that represents the manager's gross short position at the close of the last settlement date of the calendar month reporting period, and the corresponding U.S. dollar value of this reported gross short position are reported. On Table 2, the "net" activity in the reported equity security is reported. | No US clients onboard as of date. But critical to have the system ready in view of increasing interest from US clients. | |||
| US Short Selling Reporting (Rule 13f-2) | US | Feb 17 2026 | Feb 17 2026 | US-Short Selling (13f-2 Rule) | SEC has announced an extension of the compliance date for short selling regulations (Rule 13f-2) by one year, with this new amendment the first Form SHO filings now due by Feb. 17, 2026 | On October 13, 2023, the SEC introduced a new Short Selling Reporting rule (13f-2) for institutional investors. The compliance deadline was set for January 2, 2025, with the first reporting deadline on February 14, 2025. However, on February 7, 2025, the SEC extended the reporting deadline by one year, moving it to February 17, 2026. This extension was granted to give institutional investors more time to implement the necessary technology for reporting under Form SHO | No US clients onboard as of date. But critical to have the system ready in view of increasing interest from US clients. | HW Rule update in progress | Published article on FA blog | Click to View |
| UK Short Selling Reporting | UK | Feb 05 2024 | Jan 13 2025 | Short Selling Regulation 2025 | Post BREXIT, the FCA has introduced new Short Selling Reporting | On December 18, 2023, the FCA amended the EU Short Selling Regulation (EU-SSR), raising the reporting threshold from 0.1% to 0.2% of outstanding issued shares, with a compliance date of February 5, 2024. Additionally, on January 13, 2025, the UK Parliament approved the new Short Selling Regulation 2025. Next Steps/Watching Brief: A key update in this new rule is that the FCA will publish a list of reportable securities instead of providing a list of exempted shares. | YES - UK Short sell reporting | HW Rule update in progress | Published article on FA blog | Click to View |
| Taiwan Major Shareholding Disclosure - FSC Taiwan | APAC | May 10 2024 | May 10 2024 | Taiwan Major Shareholding lower Reporting threshold | FSC- Taiwan amended Major shareholding/ large positions Initial reporting thresholds frm 10 % to 5% outstanding shares. | On May 10, 2024, the FSC published a final rule amendment, with the changes taking effect on the same date | YES - Major Shareholding Disclosures (Taiwan) | HW Rule update in progress | Published article on FA blog | |
| Major Shareholding | APAC | Aug 28 2024 | Aug 28 2024 | Indonesia- OJK Major Shareholding Rule Amendment | Indonesia Major Shareholding reporting focus has shifted from the total number of shares held to the total number of voting rights held by shareholders. Shortening the reporting period and switching to percentage unit reporting instead of the previous 0.5% share movement threshold. | On 28th February 2024, the Financial Services Authority (Otoritas Jasa Keuangan, 'OJK') introduced regulation Number 4 of 2024 (POJK.4/2024), which will replace Regulation Number 11/POJK.04/2017 concerning the reporting of ownership or any changes in share ownership of a public company. Key updates in the new regulation includes: Changing the reporting focus from the total number of shares held to the total number of voting rights held by shareholders. Requiring shareholders to report share pledging activities in line with international standards. Shortening the reporting period and switching to percentage unit reporting instead of the previous 0.5% share movement threshold. | Yes- Rule amendment has to be take place | HW Rule update in progress | Published article on FA blog | Click to View |
| Short Selling Regulation | EMEA | Aug 11 2024 | Aug 11 2024 | Iceland- Short Selling Regulation Threshold Amendment | The Financial Supervisory Authority of the Central Bank of Iceland amended short selling notification from 0.2% to 0.1% of Issued share capital of the company | On 8th November 2024, The Financial Supervisory Authority of the Central Bank of Iceland draws attention to the fact that Regulation No. 1235/2024 has been published on the website of the Government Gazette. The Key Updates: This Regulation introduces changes to the thresholds for notifications of significant net short positions in shares that have been admitted to trading on a trading venue. The thresholds were 0.2%, but after the change they are 0.1% of the issued share capital of the company in question. | Yes- Rule amendment has to be take place | HW Rule update in progress | Published article on FA blog | Click to View |
| Short Selling Regulation | EMEA | Feb 2 2024 | Feb 2 2024 | Greece- Net Short Positions submission | Short Selling notification submit through electronic portal | Short Selling notification submit through electronic portal | No- Client submission process change | Completed | No material impact to FA | Click to View |
| Major Shareholding | EMEA | Mar 4 2024 | Mar 4 2024 | Switzerland- Simplification of Disclosure Notifications | Substantial forms submissions via electronic format called, OLSdigital. | SIX Exchange Regulation AG (SER) is digitising and simplifying the submission of disclosure notifications and their publication in accordance with the Financial Market Infrastructure Act (FinMIA) for all investors and issuers involved. With the introduction of the new platform «OLSdigital», SER will offer a fully digitalised way of fulfilling investors’ and issuers’ reporting obligations from 4 March 2024 onwards. | No- Client submission process change | Completed | No material impact to FA | Click to View |
| Major Shareholding | EMEA | Mar 1 2024 | Mar 1 2024 | Poland- Simplification of Disclosure Notifications | Major Shareholding Notification- electronic submission | Major Shareholding Notification- electronic submission | No- Client submission process change | Completed | No material impact to FA | Click to View |
| Major Shareholding | EMEA | Proposal | Proposal | Switzerland- Major Shareholding Rule Amendment Proposal | FINMA propossed to increased Major Shareholding and Takeover reporting threshold from 3% to 5% which is inline with ESMA major shareholding rules | FINMA propossed to increased Major Shareholding and Takeover reporting threshold from 3% to 5% which is inline with ESMA major shareholding rules | Propossal | Propossal | Propossal | Click to View |
| Short Selling Regulation | EMEA | Feb 05 2024 | Feb 05 2024 | UK Short Selling Selling Disclosure threhold change | The UK government propossed two key changes to improve the UK's short selling regulatory framework. Specifically: 1) The government will increase the current disclosure threshold for net short position reporting to the FCA from 0.1% to 0.2%. 2) The government will replace the current public disclosure regime based on individual net short positions with an aggregated net short position disclosure regime. | The UK government propossed two key changes to improve the UK's short selling regulatory framework. Specifically: 1) The government will increase the current disclosure threshold for net short position reporting to the FCA from 0.1% to 0.2%. 2) The government will replace the current public disclosure regime based on individual net short positions with an aggregated net short position disclosure regime. | Yes- Rule amendment has to be take place | HW Rule update in progress | Published article on FA blog | Click to View |
| Short Selling Regulation | EMEA | Aug 01 2023 | Aug 01 2023 | Liechtenstein- Short Selling Disclosure threshold change | Lowering the reporting threshold for net short positions | A reporting threshold shall be 0.1% and thereafter at intervals of 0.1% of the issued share capital of the undertaking concerned instead of 0.2% of Issued share capital of the company | Yes- Rule amendment has to be take place | HW Rule update in progress | Published article on FA blog | Click to View |
| Short Selling Regulation | EMEA | Aug 01 2023 | Aug 01 2023 | Norway- Short Selling Disclosure threshold change | Lowering the reporting threshold for net short positions | A reporting threshold shall be 0.1% and thereafter at intervals of 0.1% of the issued share capital of the undertaking concerned instead of 0.2% of Issued share capital of the company | Yes- Rule amendment has to be take place | HW Rule update in progress | Published article on FA blog | Click to View |
| Short Selling Regulation | APAC | Mar 1 2025 | Mar 1 2025 | Ban on South Korea Short Selling Selling | South Korea Short Selling Ban Extended Until March 30, 2025 | In South Korea sanctions for illegal/naked short selling include criminal sanctions and maximum criminal fines for illegal short selling which equals at least three times and not more than five times the amount of profits earned and/or losses avoided, not exceeding KRW 500 million. In September 2024, the National Assembly passed short sale reforms were passed and are due to come into effect at the end of March 2025. | No | Completed | No material impact to FA | Click to View |
| Short Selling Regulation | APAC | Mar 13 2024 | Mar 30 2025 | South Korea- Short selling ban extended until Sunday, March 30, 2025 | Short selling ban extended until Sunday, March 30, 2025 | In order to resolve concerns that this could hinder fair price formation in the securities market by establishing a short selling computer system to prevent naked short selling, the ban on short selling has been extended until March 30, 2025 (Sunday) | No | Completed | No material impact to FA | Click to View |
| Short Selling Rules | UK | Jan 14 2025 Q3 2025 (Consultation) | 2026 | The U.K. Short Selling Regulations 2025 (“SSR 2025”) | Starting Q3 2025, FCA will begin consulting on new short selling rules. The expected timeline for final rules to be published is 2026 | With an intention to make the U.K. financial markets more competitive and agile post-Brexit, the Treasury published final Short Selling Regulations 2025 (SSR 2025) in January 2025. They set out high level requirements for the new UK short selling regime. Certain aspects such as the new requirement to publish aggregated net short positions by issuer will be implemented: Effective Jan 14 2025: - Empowering the FCA to make rules - Aggregate net short positions will now be published by the FCA. On 1 January 2025, FCA published our updated UK list of exempted shares. Click to View Consultation starting Q3 2025: - FCA will receive reports privately and publish aggregated short positions in each company's shares. - Notification of net short positions of 0.2% and each 0.1% increment above that. - Sovereign debt and sovereign CDS removed from scope Interim, the existing UK short selling regime will continue to apply, including the current public disclosure of individual firms net short positions in issuers at the 0.5% threshold and above. Effective Jan 14 2025: - Empowering the FCA to make rules - Aggregate net short positions will now be published by the FCA. On 1 January 2025, FCA published our updated UK list of exempted shares. Click to View Consultation starting Q3 2025: - FCA will receive reports privately and publish aggregated short positions in each company's shares. - Notification of net short positions of 0.2% and each 0.1% increment above that. - Sovereign debt and sovereign CDS removed from scope Interim, the existing UK short selling regime will continue to apply, including the current public disclosure of individual firms net short positions in issuers at the 0.5% threshold and above. | Yes- Review in progress but changes likely to be December 2026 FCA published in-scope for disclosures securities should be upload into HW system | Watching brief | No material impact to FA | Click to View |