UK - New moves to improve the transparency of short-selling arrangements have been unveiled by the Financial Services Authority. The drive will be underpinned by securities settlement system Crest, which will publish aggregate stock-lending data for FTSE350 securities on a monthly basis.
An FSA review suggested this solution was the most favoured option for dealing with this issue.
FSA director of markets and exchanges Gay Huey Evans said: “The consultation confirmed our view that there was no need to impose additional controls on short-selling but that greater transparency would be valuable.
“We therefore welcome this initiative to publish securities lending data as this proposal meets all the criteria we set out in the consultation.”
The FSA has also announced several initiatives designed to improve the settlement process for illiquid stocks including publication of settlement failures and increased communication by the London Stock Exchange.
The registration deadline for the Workplace Savings & Benefits Awards 2019 is today.
This week's top stories were the DWP giving the green light to CDC and TPR granting extensions for 11 master trust authorisation applications.
Susan Martin says building strong foundations for business are the only way forward as the pensions industry is radically shaken up
The Pensions Regulator (TPR) has granted Now Pensions a six-week extension for its master trust authorisation application after the 31 March deadline, PP can reveal.