Fund managers and investors should be aware that new Norwegian short selling rules are expected to come into force on 1 Jan. 2017 (the ‘New Rules’). The New Rules are Norway’s implementation of European Union (‘EU’) Regulation No 236/2012 on short selling and certain aspects of credit default swaps (the ‘Short Selling Regulation’).[1] This Alert

One continual source of concern for registered investment advisers and other managers who actively trade in the public equity markets is compliance with Rule 105. Rule 105 is part of Regulation M, which is a longstanding set of U.S. Securities and Exchange Commission rules governing the activities of — among others — underwriters, issuers and

On 10 October 2012 the European Securities and Markets Authority (“ESMA”) published guidance in the form of Questions and Answers (the “Q&A”) on the implementation of the new EU Short Selling Regulation (the “Regulation”). The Regulation places new restrictions on short sales of securities traded in EU markets and EU sovereign debt, including credit default