The EU short selling regime came into force on 1 November 2012, as we discussed in this post.
The Financial Services Authority has now published the first list of short positions disclosed to it under the new regime. The list can be downloaded here (box at bottom right of page).
The largest short position is Greenlight Capital’s 4.37% short in Daily Mail & General Trust plc.
For the FSA’s factsheet on the Short Selling Regulation, see here.
On 1 November 2012 the Financial Services Authority issued a Policy Statement ”summarising the responses to our consultation on the proposed changes to the Handbook we need to make to comply with the EU Short Selling Regulation (SSR) from 1 November 2012, as well as our policies regarding the exercise of the discretions the SSR gives us”, and also published the changes to the FSA Handbook necessary to give effect to the SSR.
The new EU short selling regime will come into force on 1 November 2012, with the existing UK rules on short selling being abolished at the same time. We described the new EU regime in this post.
On 13 September 2012 ESMA, the EU securities and markets regulator, published a set of Q&As “to promote common supervisory approaches and practices amongst the EU’s national securities markets regulators on the requirements of the short selling regulation once it comes into force on 1 November 2012″. The Q&As can be read here and the accompanying ESMA press release is here.
The Q&As cover issues related to: