UK - The Financial Services Authority (FSA) is set to end its ban on the short selling of stocks of UK financial sector companies.
The FSA said it would extend its temporary disclosure regime until 30 June in order to "reduce the potential for abusive behaviour and disorderly markets" - but proposed to make one change to the regime.
Currently a disclosure must be made if a net short position exceeds 0.25% of a relevant firm's issued shared capital, with further disclosures required if there are any changes in the position.
Under the FSA's proposals further disclosures would only be required at 0.1% bands - as a net short position reached 0.35%, 0.45% and so on.
FSA managing director of wholesale and institutional markets Sally Dewar said: "We believe that these proposals are the right measures for maintaining orderly markets.
"Continuing the disclosure obligations as we propose will reduce the potential for abusive behaviour and disorderly markets. In addition, we will not hesitate to reinstate the ban if necessary."
The consultation on the proposed changes will close on 9 January to enable the new measures to be in place at the expiry of the existing ones on 16 January.
The FSA said it intends to publish a separate consultation paper within a month, setting out its proposals for the longer-term short selling regime.
Here they are - the finalists for the Women in Pensions Awards 2019...
The Local Authority Pension Fund Forum (LAPFF) has shown support for Amazon's shareholder resolutions, advising its members vote for 11 of 12 shareholder proposals.
Pensions and risk consultancy Hymans Robertson has appointed two equity partners and five partners from across the firm.