Tuesday December 26 2023
News Source: Global Disclosures
Focus: Short Selling
Type: General
Country: UK
On 18th December 2023, the UK FCA has increased notification threshold for the reporting of net short positions in shares.
Key Highlights:
- The initial net short positions of shares have increased from 0.1% to 0.2% of total issued share capital of an issuer with an effective date from 05th February 2024.
- Firms should make necessary changes to their system and internal process to allow them to submit notifications via ESS portal.
- Until 5th February 2024, firms are continuing to report positions at or above 0.1% and below 0.2%. However, no closing reports will be required from 5th February 2024.
- For open positions at 0.2% and above reached before, on or after 5 February 2024, closing reports will be required as usual when the position falls below 0.2%.
please visit below link for more information on UK net short position reporting.