On 4 December 2024, the Financial Conduct Authority (FCA) published an update on its webpage regarding the notification and disclosure of net short positions.

The update explains that the FCA is currently carrying out its biannual review of the UK List of Exempted Shares, set out in Article 16(2) of the UK Short Selling Regulations. It is required to conduct a review every two years to determine if shares traded in the UK and third country jurisdictions have their principal trading venue outside the UK. The review is based on trading activity from the previous two-year period. Shares with their principal trading venue outside the UK are included in the UK List of Exempted Shares.

The updated list, which the FCA plans to upload to its website on 1 January 2025, will apply to all positions from that date. Until then, while the review is carried out, the current list remains valid and will apply to all positions up to and including 31 December 2024.