There is no requirement for firms to submit retrospective net short position notifications to us on positions that reached between 0.10% and 0.19% during the period 1 January 2021 to 31 January 2021.įirms who have been notifying us of their net short positions at the lower 0.1% threshold that was in place until 31 December 2020 should continue to do so for all their positions held in issuers that have shares admitted to trading on UK regulated markets and UK MTFs. This means that from 1 February 2021 the notification threshold for issued share capital of a company that has shares admitted to trading on a UK trading venue (UK Regulated Market and UK MTF) is 0.1%.įirms who on 1 February 2021 (and thereafter) reach or cross the 0.1% reporting threshold should send their net short position notifications to us as required under the UK SSR. This change comes into force on 1 February 2021.
5 (the Regulations) to amend the notification threshold under Article 5(2) of the Short Selling Regulation from 0.2% to 0.1% of the issued share capital of an issuer. On 6 January 2021, the Treasury published the Short Selling (Notification Thresholds) Regulations 2021 No.
CLOUDTAG LSE UPDATE
SSR minimum reporting threshold is now 0.1% for all issuers in the UK – 1 February 2021 update See the public short positions disclosed to us - daily update (XLSX). Under the UK SSR, you may have to notify us of positions that are private or are to be disclosed publicly. PMB 21 and 32 are particularly important for firms using the market maker exemption under the SSR, as they explain the key conditions for the exemption and equivalence of EEA regimes. We published our Primary Market Bulletin 21, 24 and 32 in which we advise market makers of changes to the regulatory obligations under UK SSR. Generally, firms should continue to follow and have regard to such materials to the extent that they are relevant under UK SSR. The Binding Technical Standards, adopted under the EU SSR as at the end of the transition period, have also been converted into UK law and apply as amended by the Technical Standards (Short Selling) (EU Exit) Instrument 2019.ĮSMA Guidelines adopted under the SSR have not been incorporated into UK law.ĮSMA Guidelines and Q&A documents adopted under the SSR, should be treated in accordance with our general approach to EU non-legislative materials. The EU SSR and the Level 2 regulation (regulation EU 918/2012) were converted into domestic law as amended by the Short Selling (Amendment) (EU Exit) Regulations 2018 following the end of the transition period.
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