FSA confirms short selling measures

When the FSA introduced the measures, it committed to reviewing them after 30 days and to publishing a comprehensive report of short selling in January. It has now completed the review and accepts that there is not a proportionate requirement for disclosing significant net short positions in UK financial sector stocks on a daily basis. Consequently the FSA has confirmed it will be making amendments to the Code of Market Conduct so that once disclosure of a short position has been made, additional disclosures will be required only when that short position changes. A further announcemen...