On 27 November 2023, there was published on legislation.gov.uk The Short Selling (Notification Threshold) Regulations 2023.
The Regulations amend the retained EU Regulation on short selling and certain aspects of credit default swaps, commonly known as the Short Selling Regulation. It increases the notification threshold for the reporting of net short positions to the Financial Conduct Authority (FCA) from 0.1% to 0.2% of total issued share capital. This change will reduce regulatory burdens on industry, while still ensuring that the FCA has sufficient data to carry out its functions.
The Regulations come into force on 5 February 2024.