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Hong Kong Law

June 2011

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Charltons - Hong Kong Law Newsletter - Issue 124 - 27 June 2011

Short Position reporting requirement

Consultation on Securities and Futures (Short Position Reporting) Rules ([https://www.sfc.hk/edistributionWeb/gateway/EN/consultation/openFile?refNo=11CP3](https://www.sfc.hk/edistributionWeb/gateway/EN/consultation/openFile?refNo=11CP3))

Securities and Futures Commission SFC

Consultation Conclusions on Increasing Short Position Transparency ([//www.charltonslaw.com/newsletters/hong-kong-law/en/2011/124/consultationconclusion2march2010english.pdf](//www.charltonslaw.com/newsletters/hong-kong-law/en/2011/124/consultationconclusion2march2010english.pdf))

Last trading day of each week

Hang Seng Index and Hang Seng China Enterprises Index

Scope of and exemptions from the short position reporting requirements

Stock Exchange of Hong Kong

Automated trading service

Reporting obligation belongs to the person who is in the position to know the total outstanding short position

Response to the Consultation
Penalty for breach of the short position reporting requirement
Public disclosure of aggregated short positions for each stock