On December 15, the UK’s HM Treasury announced its intention to enact a statutory instrument under the UK’s retained version of the Short Selling Regulation (SSR), amending the initial notification threshold for the reporting of certain net short positions to the Financial Conduct Authority (FCA) (the Guidance).

The new amended threshold of 0.1 percent net short (instead of 0.2 percent) specifically relates to issued share capital of a company that has shares admitted to trading on a UK trading venue. The change will take effect from February 1, 2021.

The FCA updated its webpage on the notification and disclosure of net short positions to reflect the upcoming change. The webpage explains that the notification threshold for issued share capital of a company that has shares admitted to trading on a UK trading venue will remain 0.2 percent from the end of the transition period (December 31) until the enactment of the statutory instrument on February 1, 2021.

The Guidance is available here.