FSA updates short selling disclosure requirements

The FSA has confirmed the changes to the Code of Market Conduct in relation to short selling of f...

The FSA has confirmed the changes to the Code of Market Conduct in relation to short selling of financial stocks. It said once a disclosure of a net short position has been made, additional disclosures will only be required when that short position changes. The regulator said it accepts it is not a proportionate requirement to require daily disclosures of short positions where there has been no change in a short position, as first suggested in the initial announcement. The FSA brought in additional measures around short selling financial stocks on 18 September, with a review ...