Chancellor of the Exchequer Jeremy Hunt has introduced a “sweeping package of UK regulatory reforms” following his Mansion House speech on Monday (10 July).
This includes a change to short-selling rules to protect the confidentiality of investment managers' positions, dealing with the clash between UK and US rules on payment for research and a rethink of securitisation rules to make them more flexible and help reboot the market. Following the HM Treasury's review of short-selling rules in December 2022, the government has said it will: Replace the current public disclosure regime based on individual net short positions with an aggregated net short position disclosure regime. Increase the current disclosure threshold for net short posi...
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