UK Short Selling Disclosure Regime Extended

Bingham McCutchen

*

HOME
*

E-MAIL THIS PAGE
*

JAPANESE WEB SITE

* ABOUT US
o Bingham Now
o From the Chairman
o Who We Are
o Momentum
+ Charting Our Growth
+ Legacy Firm Partners
o Recognition
o Bingham Consulting
o Community Service and Charitable Giving
o Diversity
o Pro Bono
o Offices
+ Boston
+ Hartford
+ Hong Kong
+ London
+ Los Angeles
+ New York
+ Orange County
+ Portland
+ San Francisco
+ Santa Monica
+ Silicon Valley
+ Tokyo
+ Walnut Creek
+ Washington
o Bingham Going Green
o Senior Staff
* LAWYERS
* PRACTICES
o Corporate
+ General Corporate
+ Commercial Technology and Trademark
+ Corporate Governance and Compliance
+ Corporate Securities
+ Emerging Growth Companies
+ Employee Benefits and Executive Compensation
+ Mergers and Acquisitions
+ Public Companies
+ Private Equity
+ Tax
+ Venture Capital
o Finance
+ Banking and Leveraged Finance
+ Financial Restructuring
+ Institutional Finance
+ Projects
+ Distressed Mergers and Acquisitions
+ Film Finance
+ Japanese Practice
+ Equipment Leasing
+ Subprime Task Force
o Securities
+ Securities Area
+ Accountant Defense
+ Broker-Dealer
+ Compliance
+ Investment Management
+ Securities Enforcement and Investigations
+ Securities Litigation
+ Stock Option Task Force
+ Subprime Task Force
+ Trading & Markets
+ UK Financial Regulatory Practice
o Litigation
+ Litigation Area
+ Antitrust and Trade Regulation
+ Appellate
+ Construction and Project Finance Litigation
+ Consumer Products Litigation
+ Complex Litigation
+ Distribution and Franchise Law
+ Electronic Document Retention and Discovery
+ Employment and Labor
+ Entertainment and Media Litigation
+ Environmental Litigation
+ Financial Institutions Litigation
+ Securities Litigation
+ Financial Services and Insolvency Litigation
+ Government Contracts
+ Intellectual Property
+ Privacy and Security
+ White Collar Defense and Business Regulation
o Legislative and Government Affairs
+ Congressional Oversight Investigations
+ Government Affairs
o Environmental and Real Estate
+ Climate Change Group
+ Distressed Real Estate
+ Environmental
+ Land Use and Development
+ Military Base Reuse
+ Real Estate
o Telecommunications, Media and Technology
+ Telecommunications, Media and Technology
o Insurance
+ Insurance Practice
o Industry Practices
+ Energy
+ Financial Institutions
+ Healthcare
+ Life Sciences
+ Promotion, Marketing and Advertising
o Estate and Charitable Planning
+ Charitable Advising
+ Estate Planning
* NEWSROOM
o Press Contacts
o Facts & Stats
o Press Releases
o In the News
o Recognition
* RESOURCES
o Legal Alerts
o Publications
o Events
* CAREERS
o Law Students
o Judicial Clerks
o Lateral Associates
o Staff Attorneys
* ALUMNI

Alert > UK Financial Regulatory Practice / Securities Area / Broker-Dealer
The FSA has announced today that it intends to extend indefinitely its short selling disclosure regime for UK financial companies.

Accordingly the current disclosure regime will not, as originally announced, lapse on 30 June 2009, and it will therefore continue to be the case that, by no later than 3.30 pm (BST) on the day in which a short position in a UK financial sector company reaches, exceeds or falls below 0.25%, 0.35%, 0.45% and 0.55% of the issued share capital of that company and each 0.1% threshold thereafter, the short position must be disclosed to the market via a regulatory information service.

The FSA has confirmed that it does not intend this to be a permanent measure and that it intends to replace it with a more extensive short selling regime once an international consensus on the treatment of short selling is reached.