FSA proposes to extend short-selling disclosure regime

06 January 2009

The FSA proposes  retaining the disclosure obligation until 30 June 2009, but allowing the short-selling ban to expire on 16 January.

The FSA proposed extending its temporary disclosure regime for significant net short positions in the stocks of UK financial sector companies until 30 June 2009.

 

The FSA is not proposing to renew its ban on short-selling of these stocks but is prepared to reintroduce the ban without consultation if necessary.

 

Under the proposals issued today, the FSA will extend the disclosure regime until 30 June 2009. The FSA is proposing to make one change to the regime, and also proposes that the ban on the short-selling of stocks in UK financial sector companies will expire on 16 January. 

 

Deadline for consultation is 9 January 2009. 

 

The FSA intends to publish a separate consultation paper within a month setting out its proposals for the longer-term short-selling regime.

 

Press release

Newsletter

Consultation paper

 

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