SEOUL—The Financial Services Commission announced June 27, 2012, a rule change that will require investors in securities to file reports on daily short positions exceeding 0.01 percent of outstanding shares, effective August 30, 2012, following a revision of certain rules under the Capital Market and Financial Investment Business Act.
“The reporting program will allow the FSC to monitor short selling activity with more accuracy and respond to unfair trading with greater timeliness,” the commission said in a statement.
Short sellers of listed stocks will be required to file reports electronically with the commission on its website for every trading day ...
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