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ARTICLE · 30 NOVEMBER 2023

UK's Draft Short Selling Regulations 2024 Published (Updated)

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On 22 November 2023, HM Treasury (HMT) published a draft of the Short Selling Regulations 2024 (the Draft SI) and an accompanying explanatory policy note (the Note).

United KingdomFinance and Banking
Neil Robson
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Christopher Collins
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On 22 November 2023, HM Treasury (HMT) published a draft of the Short Selling Regulations 2024 (the Draft SI) and an accompanying explanatory policy note (the Note).

The Draft SI and Note follow the UK Government's response to HMT's December 2022 call for evidence on the Short Selling Regulation (the SSR Response), dated July 2023, and HMT's consultation relating to the short selling of sovereign debt and sovereign credit default swaps (the CDS Consultation). For more information on the SSR Response and the CDS Consultation, please see our recent article (available here).

The Draft SI implements the measures signposted in the SSR Response and the CDS Consultation. Specifically, the Draft SI:

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