U.K. – Parliament Published Letter Re: Short Selling Regulations

U.K. – Parliament Published Letter Re: Short Selling Regulations

On 16 January 2025, UKP published letter deposited in the House of Lords from Financial Secretary to the Treasury to Baroness Bowles responding to request for information.

  • Following grouped debate on the Financial Services and Markets Act 2000 (Designated Activities) (Supervision and Enforcement) Regulations 2024, Short Selling Regulations 2024, Financial Services and Markets Act 2000 (Ring-fenced Bodies, Core Activities, Excluded Activities and Prohibitions) (Amendment) Order 2024, on 17 Dec. 2024.
  • The questions and answers cover: further detail on how often UK FCA actions are challenged by reference to the Tribunal, figures will be obtained from FCA on this.
  • And reason for difference between powers of direction under Short Selling Regulations 2024 and Consumer Composite Investments (Designated Activities) Regulations 2024.
  • Financial Secretary responds that this reflects differences between the two regimes.
  • Document dated 16 January 2025, received from UKP 22 January summarized on 24 January.