On Mar. 14, 2025, KRX published detailed regulations effective from Mar. 31, 2025.
On Jan. 17, KRX proposed revisions re naked short selling surveillance.
KRX proposed revisions to Regulations on market surveillance, its Detailed regulations.
Aims to build/run a naked short selling detection system (NSDS), bolster surveillance on naked short selling, as per the Capital markets actrevised on Oct. 22, 2024.
Follows SK FSC Sep. 2024 said short selling improvements approved, see #227780.
Document dated Jan. 17, 2025, was received on Feb. 13 due to a fixed feed.
Overview of Revisions
Clarify the authority of KRX's Market Surveillance Committee to request information on securities lending transactions from short selling investors; grant the Committee the authority to request necessary information from reporters to verify NSDS submissions.
Stipulate in the Detailed regulations specific standards for NSDS operation, including reporting forms, details, deadline, unit, and route, a legal basis for corrective reports.
Consultation Period
Comments shall be submitted by Jan. 24 for planned effectiveness from Mar. 31, 2025.
On Jan. 19, 2025, SK FSS, KRX proposed short selling guidelines, regs, see #240892.
Mar. 5, 2025 Revisions Finalized
On Mar. 5, 2025, KRX published the revised regulations effective from Mar. 31, 2025.
Document dated Mar. 5, 2025, received from KRX Mar. 6, summarized on Mar. 10.
Mar. 14, 2025 Revisions Finalized
On Mar. 14, 2025, KRX published detailed regulations effective from Mar. 31, 2025.
