FSA says long CfD positions must be disclosed

This will be the most effective way of addressing concerns in relation to voting rights and corporate influence, the regulator says. CfDs allow holders to make money on share price moves without buying shares. They can be used to take both short and long positions on share prices and holders are entitled to any dividends paid by the underlying company during the life of the CfD. The new disclosure regime will require that existing share and CfD holdings, in the same company, should be aggregated for disclosure purposes. The disclosure threshold will be at 3%, in line with the existing...