On 22 November 2023, HM Treasury (HMT) published its response to the July 2023 consultation on sovereign debt and credit default swaps in relation to the Short Selling Regulation.

The response, published alongside the Chancellor’s Autumn Statement, sets out HMT’s final policy position for the regulation of the short selling of sovereign debt and credit default swaps. It summarises responses received to the consultation published on 11 July 2023, on aspects of the Short Selling Regulation related to sovereign debt and credit default swaps, and then sets out HMT’s approach to these aspects of the regime under the UK’s new short selling regime.