- Law Library Home
- About the Law Library
- Find Legal Resources
- Research Help
- Research & Educational Opportunities
- News & Events
- Visiting the Law Library
- Contact Us
Related Resources at the Library
The Global Legal Monitor is an online publication from the Law Library of Congress covering legal news and developments worldwide. It is updated frequently and draws on information from the Global Legal Information Network, official national legal publications, and reliable press sources. You can search previous news by searching the archive.
Taiwan: Securities Markets - Two-Week Ban Was Imposed on Short Selling
To link to this article, copy this persistent link:
http://www.loc.gov/lawweb/servlet/lloc_news?disp3_722_text
(Oct. 15, 2008) It was reported on October 1, 2008, that Taiwan's Financial Supervisory Commission (FSC) had imposed a ban on short selling of borrowed securities and selling on margin for two weeks, until October 14. The FSC had tightened short selling rules effective September 30, 2008 (to last until December 31, 2008), limiting the combined outstanding amount of short sales of borrowed securities and securities on margin to 10 percent of a company's outstanding stock. The previous cap was 25 percent. In addition, in place of a ten-percent limit, a new cap of one percent of outstanding stock of a listed company was imposed on the amount of short sales of borrowed securities. After the tighter rules failed to prevent a major downturn in the Taiwan stock market, however, the FSC decided on the two-week complete ban on short selling. (Taiwan Imposes Total Ban on Short-Sales for Two Weeks, XINHUA, Oct. 1, 2008, LEXIS/NEXIS, News Library, Most Recent 90 Days File.)
- Author: Wendy Zeldin
- Topic: Securities Markets More on this topic
- Jurisdiction: Taiwan More about this jurisdiction
Search Legal News Archives |
RSS |
Last updated: 10/15/2008