SHORT SELLING REGULATION SSR UK

In the UK, the EU Short Selling Regulation SSR 236/2012 still applies following the country's departure from the EU, but is set to be replaced by a new regulation. The Short Selling Regulation governs the short selling of stocks listed on UK markets, and includes provisions for disclosure to the FCA and the public, a ban on uncovered short selling, and emergency powers for the FCA.

The regulation was introduced by the European Union (EU) and adopted into UK law after the UK's departure from the EU. As part of implementing the results of the FRF, the government will repeal this regulation and replace it with a regulatory system tailored to the UK markets that promotes market integrity and strengthens the competitiveness of the UK financial markets.

This call for evidence is the first step in the government's review of short selling as part of its program to repeal the applicable EU financial services regulations and replace them with a framework tailored to the UK. It seeks feedback on the current functioning of the regulation and how it could be better adapted to the UK markets.