Call for evidence outcome

Short Selling Regulation: Call for Evidence

• From: HM Treasury
• Published: 9 December 2022
• Last updated: 11 July 2023 — See all updates

This was published under the 2022 to 2024 Sunak Conservative government

This call for evidence has closed

Read the full outcome

Short Selling Regulation Review Government response

PDF, 227 KB, 19 pages

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Detail of outcome

This document summarises responses received to the Call for Evidence on the Short Selling Regulation (SSR). It sets out the next steps for replacing the SSR with a UK-tailored regulatory regime for short selling, including key changes to short selling disclosure requirements.

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Original call for evidence

Summary

This Call for Evidence seeks views on how the government should reform the regulation of the practice of short selling, as part of the government’s programme to repeal and replace retained EU law in financial services.

This call for evidence ran from
7:30am on 9 December 2022 to 11:59pm on 5 March 2023

Call for evidence description

The Short Selling Regulation regulates the short selling of shares listed on UK markets and includes provisions on disclosure to the FCA and the public, a ban on naked short selling, and emergency powers for the FCA.

This regulation was introduced by the European Union (EU) and was brought onto the UK statute book following our exit from the EU. In implementing the outcomes of the FRF the Government will repeal this regulation and replace it with a regulatory regime tailored to UK markets, supporting market integrity and bolstering the competitiveness of UK financial markets.

This Call for Evidence is the first step in the government’s review of short selling as part of its programme to repeal retained EU law in financial services and replace it with a regulatory framework tailored to the UK. It seeks views on the current functioning of the regulation, and how it might be better tailored to UK markets.

Documents

Short Selling Regulation Review: Call for evidence

Ref: ISBN 978-1-915596-25-3

PDF, 246 KB, 20 pages

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Published 9 December 2022
Last updated 11 July 2023 + show all updates

1. 11 July 2023

   Updated with government response

2. 9 December 2022

   First published.