On 15 December 2020, HM Treasury issued a guidance notice stating that following the end of the transition period it intends to lay a statutory instrument under the onshored Short Selling Regulation, amending the initial notification threshold under Article 5(2) for the reporting of net short positions to the FCA, in relation to the issued share capital of a company that has shares admitted to trading on a trading venue, from 0.2% to 0.1%. This change will come into force on 1 February 2021. The FCA will provide information to reporting persons with respect to notifications in the interim period.