It sets out the next steps for replacing the SSR with a UK-tailored regulatory regime for short selling, including key changes to short selling disclosure requirements.
FCA will be given rule-making powers to deliver firm-facing aspects of new UK short selling regime; when FCA consults on a short selling regime to replace the SSR, it will take responses to the call for evidence and the views of the government into account.
Based on feedback provided, UK GVT is also making 2 key changes to improve UK's short selling regulatory framework: replace current public disclosure regime based on individual net short positions with an aggregated net short position disclosure regime.
Increase disclosure threshold for net short position reporting to FCA, 0.1% to 0.2%.
