FSA set to end short-selling ban

clock

The FSA says it will not extend its ban on the short-selling of UK financial services stocks but warns it will "not hesitate" to re-instate it if necessary.

It says the emergency ban, introduced in September, will come to an end on 16 January as originally proposed. But the regulator is bidding to extend the disclosure regime on significant net short positions until the end of June. FSA managing director of wholesale and institutional markets, Sally Dewer, says the moves will help maintain orderly markets. "Continuing the disclosure obligations as we propose will reduce the potential for abusive behaviour and disorderly markets," she adds. The FSA is proposing to make one change to the regime. Currently a disclosure must be made if a ne...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

PA360: Framing of information to investors 'extremely pervasive'

PA360: Framing of information to investors 'extremely pervasive'

Consumer Duty states consumer biases must not be exploited

Jenna Brown
clock 25 April 2024 • 1 min read
Schroders chief executive Peter Harrison to retire in 2025

Schroders chief executive Peter Harrison to retire in 2025

Harrison began his career at Schroders as a graduate in 1988

Cristian Angeloni
clock 24 April 2024 • 2 min read
Future of Investment Festival: Our specialist sessions for advisers

Future of Investment Festival: Our specialist sessions for advisers

Future-proofing advice, building sustainable portfolios, all things SDR

Professional Adviser
clock 19 April 2024 • 2 min read