FSA updates short-selling rules

A review will look into how capital raising by listed companies can be made more orderly and efficient, while also considering what immediate measures can be taken to maintain market confidence. The regulator pointed to recent weeks of severe volatility in the shares of companies conducting rights issues, which it says is potentially damaging not only to the issuers in question but also to confidence in the overall fairness and quality of the UK market. It believes this can be particularly prejudicial to the interests of small investors, and the problem is compounded by the length of time...