|
|
Matthias Knab, Opalesque for New Managers: The Financial Conduct Authority on 16 April 2026 published PS26/5, its final policy statement on changes to the UK short selling regime, closing out consultation CP25/29 and setting a main commencement date of Monday, 13 July 2026. The reforms implement the Short Selling Regulations 2025, which replace the assimilated EU regime inherited after Brexit, and deliver several long-standing industry asks - most notably the end of individual name-and-shame disclosure of short positions.
The package is significant for hedge funds, prime brokers, securities lenders and market makers active in UK shares, and reshapes how positions are reported, published and covered.
Aggregate net short positions replace individual disclosure
The headline change: from 13 July 2026, the FCA will publish Aggregate Net Short Positions (ANSPs) by company, combining the individual net short positions reported at or above the 0.2% threshold - without identifying individual position holders. This ends the regime under which short sellers crossing the 0.5% disclosure threshold were publicly named, a feature critics long argued discouraged short selling activity in UK shares and exposed research-driven managers to copycat trading and issuer pressure.
Individual reporting to the FCA at the 0.2% threshold continues; what changes is that the regulator, no...................... To view our full article Click here
|
|
RSS
