Tokyo Stock Exchange Partially Changes Short Selling Reporting Format

The Tokyo Stock Exchange (TSE) has made a partial change in the format in which it asks for investors and market participants to report information about short selling positions. Under new government regulations, from 7 November 2008, holders of a

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The Tokyo Stock Exchange (TSE) has made a partial change in the format in which it asks for investors and market participants to report information about short selling positions. Under new government regulations, from 7 November 2008, holders of a certain number of short selling positions are required to report this to the securities exchanges via securities companies, and the exchanges must then publicly release this information.

As reported in MARKET INTELLIGENCE XI-V, the TSE published guidance on the reporting method for short selling positions on 5 November 2008. Following requests from market participants, the TSE has made a partial revision to the reporting format, and the information to be submitted now includes details such as the reason the report is being submitted and the conditions under which the position met the criteria for reporting.

D.C.

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