• AST ASIC published information sheet on outlining the practice of activist short selling campaigns and its expectations to promote market integrity during such campaigns.

Activist Short Selling

• Involves taking a short position in a financial product, and then publicly disseminating information that might negatively impact the price of the product (short report).
• INFO 255 describes impact of activist short selling on markets, provides overview of the regulatory framework relevant to these campaigns, list actions ASIC might take.
• Recommends better practices for activist short sellers and authors of short reports, market operators, target entities, market participants, to protect integrity of markets.