The FSA extended the regime on short-selling. It annouced, "that it does not intend to keep the regime permanently."
Extending the regime will continue to help reduce the potential for abusive behaviour and disorderly markets. However, the FSA does not intend to keep the regime permanently and is currently analyzing responses to its discussion on a short selling disclosure regime.
As is the case at present, disclosures will need to be made if a net short position exceeds 0.25% of a company’s issued shared capital or increases by 0.1% bands above that (e.g. net short position reaches 0.35%. 0.45% and so on).
The extension follows a 10 day consultation launched on 1 June.
© FSA - Financial Services Authority
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