The UK’s Financial Services Authority is proposing to extend its short selling disclosure obligations for the foreseeable future.Last year the UK joined with other countries, including the U.S. and Canada, in adopting a short selling ban for certain financial sector stocks. The UK’s ban expired earlier this year (the U.S. and Canadian bans expired last […]
The U.S. Securities and Exchange Commission will hold a roundtable on May 5 to discuss whether short sale price test restrictions or short sale circuit breakers should be adopted, the regulator announced Friday.On April 8, the SEC voted to propose two approaches to restrictions on short selling — price test restrictions and circuit breakers. If […]
SEC seeks comments on short sale price test and circuit breaker restrictions
In a letter to the US Securities and Exchange Commission, the exchanges (BATS Exchange, Nasdaq OMX Group Inc., the National Stock Exchange and NYSE Euronext) proposed new restrictions on short selling. The proposal comes as the SEC considers restoring the uptick rule, which was scrapped back in 2007 — a step that some have blamed […]
Goal is to reduce the potential destabilizing effect that short selling can have on markets
Although an IIROC report finds that the ban had its costs, some still say the move was justified
Much more cooperation among world securities regulators
Disclosure requirements for significant short positions should be introduced, UK regulator says
Abusive short selling not a problem in Canadian marketplace
The UK’s Financial Services Authority is proposing to extend its temporary disclosure regime for significant net short positions in the stocks of UK financial sector companies until June 30.The FSA is not proposing to renew its ban on short selling of these stocks, but it notes that it is prepared to reintroduce the ban without […]