The Australian Securities and Investments Commission (ASIC) and the Australian Securities Exchange (ASX) have today issued three statements to clarify and reinforce existing obligations in relation to share lending and short selling.
These statements follow the joint statement issued by the organisations last Friday on finance arrangements and margin loans involving listed companies.
The three statements include:
ASIC reminds market participants about stock lending disclosure obligations
ASIC considers it is timely to remind market participants of some important disclosure obligations. People engaged in stock lending or stock borrowing should carefully examine their obligations to lodge substantial holding notices.
Download the information release
ASX on short selling
ASX is addressing transparency and settlement risk issues associated with short selling within the context of its rules.
ASIC on false and misleading rumours
ASIC is concerned that some individuals may be spreading false and misleading information about listed securities to artificially provoke sales of securities and reduce their market prices.