Short Selling (No 2) Instrument 2008 – FAQs 19 September 2008
Further to our press release dated 18 September 2008, we have set out some answers to what we expect will be frequently asked questions.
We will continue to review this information over time and may further update the list to address any other frequently asked questions that arise. The list is not intended to be exhaustive and persons will need to consider how the instrument applies to their particular circumstances taking into account that the purpose of the measures is to prevent potentially abusive behaviour.
We have split the FAQs into a number of sections:
General
1. At what time do the new short selling rules come into force?
The rules preventing short selling in UK financial services came into effect at 00.01 a.m. on Friday 19 September 2008. The rules governing the disclosure obligation take effect at the...