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UK Government HM Treasury's Consultation outcome - Short Selling Regulation: Call For Evidence

Date 11/07/2023

 

This consultation has concluded



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Short Selling Regulation Review Government response

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Detail of outcome

This document summarises responses received to the Call for Evidence on the Short Selling Regulation (SSR). 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.


 

Original consultation

Summary

This Call for Evidence seeks views on how the government should reform the regulation of the practice of short selling, as part of the government’s programme to repeal and replace retained EU law in financial services.

This consultation ran from
 to 

 

Consultation description

The Short Selling Regulation regulates the short selling of shares listed on UK markets and includes provisions on disclosure to the FCA and the public, a ban on naked short selling, and emergency powers for the FCA.

This regulation was introduced by the European Union (EU) and was brought onto the UK statute book following our exit from the EU. In implementing the outcomes of the FRF the Government will repeal this regulation and replace it with a regulatory regime tailored to UK markets, supporting market integrity and bolstering the competitiveness of UK financial markets.

This Call for Evidence is the first step in the government’s review of short selling as part of its programme to repeal retained EU law in financial services and replace it with a regulatory framework tailored to the UK. It seeks views on the current functioning of the regulation, and how it might be better tailored to UK markets.

Documents

Short Selling Regulation Review: Call for evidence

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