UK Wants to Extend Short-Selling Disclosure Rules

Law360, New York (June 1, 2009, 12:00 AM EDT) -- The U.K.'s securities regulator, the Financial Services Authority, is seeking to extend the disclosure requirements for short-selling of shares in U.K. banks, the watchdog said Monday.

Currently, short-sellers are required to disclose when they've taken a short position in more than 0.25 percent of a financial firm's issued shares. Additional disclosure is required at 0.1 percent intervals above that, for example at 0.35 percent and at 0.45 percent. That disclosure requirement is currently due to expire on June 30.

In a statement Monday, the FSA said...
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