UK Financial Stock Short Selling Regime—Short Selling Disclosure Regime Extended



The Financial Services Authority (FSA) rules on disclosure were due to expire on June 30, 2009. However, the obligation to disclose a net short position in a UK financial sector company is to remain in place. For details of the current disclosure obligations, please see our January 26, 2009, alert, “UK Financial Stock Short Selling Regime—FSA Releases Policy Statement.”

The current disclosure regime will remain in place until it is “superseded in due course by broader permanent disclosure measures – preferably agreed on the widest possible international basis – and/or be revoked.” The FSA has emphasized that it does not intend to keep the regime permanently.

Note: As previously set out in the January alert, the prohibition on short selling of stocks in UK financial sector companies has ended.

Further information

The Policy Statement 09/1, “Temporary short selling measures,” can be found here:

The Policy Statement 09/10, “Extension of the short selling disclosure obligation,” can be found here:

The list of UK financial sector companies can be found here: 


If you have any questions regarding this alert, please contact-

Mark H. Barth 212.872.1065 New York
David M. Billings 44.20.7012.9620 London
J.P. Bruynes 212.872.7457 New York
James A. Deeken 214.969.4788 Dallas
Christopher M. Gorman-Evans 44.20.7012.9656   London

Barry Y. Greenberg 214.969.2707 Dallas
Robert M. Griffin Jr. 44.20.7012.9676 London
Leon B. Hirth 212.872.1059 New York
Ira P. Kustin 212.872.1021 New York
Arina Lekhel 212.872.8018 New York
Burke A. McDavid 212.872.1083 New York
Prakash H. Mehta 202.887.4248 Washington, D.C.
Lisa A. Peterson 817.886.5070 Dallas
Eliot D. Raffkind 214.969.4667 Dallas
Sebastian Rice 44.20.7012.9618 London
Fadi G. Samman 202.887.4317 Washington, D.C.
William L. Sturman 212.872.1035 New York
Ann E. Tadajweski 212.872.1087 New York
Simon Thomas 44.20.7012.9627 London
Stephen M. Vine 212.872.1030 New York