UK's FCA finalises simpler short-selling rules
Compliance teams filing short-position reports gain extra time to calculate and submit
Change
UK's FCA finalised a simpler short selling regime that requires aggregated company-level net-short disclosures, gives firms extra time to calculate and submit short-position reports, and replaces multiple market‑maker exemption notifications with a single annual confirmation.
Why it matters
Reporting workflows must be adjusted to fit the revised submission timetable, increasing near-term implementation work for compliance and operations. Firms must also adopt an annual market‑maker confirmation process and face FCA supervisory follow-up or interventions if reports or confirmations are late or incorrect.
Implications
- — Compliance teams filing short-position reports — must reconfigure internal reporting controls and deliver accurate submissions under the FCA's revised timetable immediately — failure to meet the new submission windows will trigger FCA supervisory follow-up and possible intervention.
- — Market‑making desk compliance teams — must implement and retain an annual exemption confirmation process to replace ad‑hoc notifications before their next reporting cycle — missing the confirmation may remove exemption status and expose the firm to enforcement action.
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