Short selling update
In Regulatory Roundup #17 we advised that the new sourcebook FINMAR would contain the largely unchanged short selling disclosure requirements from MAR, save for the rights issue disclosure requirements being narrowed slightly.
As you will be aware, the short selling disclosure regime also applies to shares in a ‘UK financial sector company’. The FSA has updated its list of UK financial sector companies
Complyport has created a two page document summarising the FINMAR 2 requirements on short selling which firms may find of use.