This affects all markets, not just the UK – anyone in the world can email ️
DEADLINE: SUNDAY 5th MARCH
TL:DR
The UK Government wants suggestions as to how regulators can reform their rules to improve the legislation that manages our financial markets. This means we can ask the UK to implement the following suggestions to protect our markets and our shares from predatory short sellers, like so:
Short selling activity to be reported daily (to reduce risks of market manipulation).
- Improved short sale reporting requirements (forcing investment managers/market-makers to provide more detailed reporting of short sales).
- Increased disclosure/transparency around short positions held by investment managers.
- Imposed limits on the amount of short selling that can be conducted on a particular security (or in the market as a whole, to help prevent excessive short selling which could lead to market instability).
- Greater disciplines for those found guilty of market manipulation and excessive naked short-selling.
Copy & paste the template letters as included in the post/comments. Takes two seconds to do, and with just a few clicks of a button – you can make a big impact.
Submit suggestions to: [[email protected]](mailto:[email protected]).
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LETTER TEMPLATE:
Dear UK regulator,
I am writing to offer evidence, as requested, to provide insight and direction with the regulation reform as needed to improve the legislation that manages our financial markets, particularly in the field of short-selling.
As such, here are some rules as should be implemented, many of which are inspired by recent proposals, as being discussed within the SEC, that hold necessary value.
- Greater transparency with Securities Lending and the transaction-by-transaction reporting of all securities lending activity (similar to SEC proposed Rule 10c-1, File No. S7-18-21 – [1]
- Short selling activity as reported daily and disclosure/transparency around short positions being held by investment managers (similar to SEC proposal File No. S7-08-22) – [2]
- Greater exposure and to identify circumstances when a market participant has a large, concentrated position in a security-based swap on a single issuer (such as in SEC proposal File No. S7-32-10) – [3]
- Imposed limits on the amount of short selling that can be conducted on a particular security (or in the market as a whole) to help prevent excessive short selling which could lead to market instability.
- Greater disciplines for those found guilty of market manipulation and excessive naked short-selling.
I appreciate your consideration and time in reading this,
Yours faithfully,
[insert name here]
[1] = https://www.sec.gov/comments/s7-18-21/s71821.htm
[2] = https://www.sec.gov/comments/s7-08-22/s70822.htm
[3] = https://www.sec.gov/comments/s7-32-10/s73210.htm
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Here are the links for the UK call for evidence:
- Government Site: https://www.gov.uk/government/consultations/short-selling-regulation-call-for-evidence
- Link to call to Evidence: https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1130913/SSR_CfE_-_Official_Publication__FINAL_.pdf
For a more information – please feel free to check out my profile. Thank you!
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