The FSA is demanding greater disclosure over short positions held in companies issuing rights from 2...
The FSA is demanding greater disclosure over short positions held in companies issuing rights from 20 June. It said the recent flurry of rights issues has encouraged short selling, which increases the potential for market abuse. Positions exceeding 0.25% must be disclosed to the FSA by 3.30pm the following business day. This threshold will be under review, as will the overall effectiveness of the new regime.
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