Short selling meaning

STOP PRESS: Short Selling Regulations 2025 SI 2025/29 was made and published on 13 January 2025, together with an Explanatory Memorandum. This instrument replaces the assimilated regime and establishes a new statutory framework for UK short selling, creating designated activities and granting the Financial Conduct Authority (FCA) rulemaking powers for those activities, plus powers to intervene in exceptional situations. It reiterates that firms must notify the FCA when net short positions exceed 0.2% of issued share capital; while HM Treasury keeps the ability to adjust this level, the FCA may mandate notifications at a different threshold in exceptional circumstances. Some provisions took effect on 14 January 2025, with the remainder commencing on the date the revocation of the UK Short Selling Regulation takes effect under the Financial Services and Markets Act 2023. For a summary of the background to the new UK regime, see Practice Note: The UK Short Selling Regulation [Archived]. Regulation (EU) 236/2012 (the EU Short Selling Regulation) applies in the EU. In the UK, the assimilated...

This checklist sets out the reporting obligations under the UK’s new short selling regime. For more detail, see Practice Note: The new UK short selling regime. Background The Short Selling Regulations 2025 (SI 2025/29) replace the assimilated UK Short Selling Regulation and introduce a new statutory framework for regulating short selling in the UK. The regime: Defines designated activities for short selling within FSMA 2000 Confers broad rule-making powers on the Financial Conduct Authority (FCA) Maintains core transparency obligations while giving the FCA greater flexibility Equips the FCA with intervention powers in exceptional circumstances The FCA is consulting on proposed rules and guidance, with a new short selling sourcebook expected in April 2026. When does the UK short selling regime apply? It applies to market participants engaging in short selling of shares admitted to trading or traded on a UK trading venue, and to short selling of UK sovereign debt, associated credit default swaps (CDS) and related...

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ARCHIVED : This Practice Note has been archived and is no longer maintained. STOP PRESS: The Short Selling Regulations 2025 were made and published on 13 January 2025, together with an explanatory memorandum. These regulations replace the assimilated UK Short Selling Regulation and introduce a new legislative framework governing short selling in the UK, defining designated activities and empowering the Financial Conduct Authority (FCA) to set rules for those activities, alongside powers to act in exceptional circumstances. Certain parts commenced on 14 January 2025, with the remainder starting on the date the revocation of the UK Short Selling Regulation takes effect under FSMA 2023. The UK’s new regime removes obligations on investors when entering short positions in sovereign debt or sovereign credit default swaps (CDS) and the linked reporting requirements, while keeping sovereign debt and sovereign CDS within the FCA’s emergency intervention powers on short selling...

Agreeing the profile If a role becomes vacant because of a departure, consider whether to recruit with identical, lower, or greater experience. Also assess if a strong unqualified support hire might add more value, freeing qualified staff from tasks the support person can handle. Ensure the package parameters are sensible. Many human resources teams default to a lower-range salary, which can effectively screen out the best people. Bypass a wasted effort stage by matching the package to the profile so you can attract the right candidates. Be clear that the package parameters genuinely reflect the role profile, not a default setting that deters suitable applicants. Ensure this alignment from the outset to avoid needless effort and secure interest from those you truly want. Choosing who will be involved in the selection process Decide what part each of the following should play, and at which point: recruitment agency human resources manager person to whom head of legal reports head of legal ...

ARCHIVED: This Practice Note has been archived and is no longer being maintained. Through the transition period, core EU rules effectively continued to apply for derivatives practitioners (see Practice Note: Brexit—impact on finance transactions [Archived]); from IP completion day, however, the landscape alters markedly. This note offers a high-level overview of IP completion day’s practical implications for derivatives lawyers and signposts fuller guidance. MARKET ACCESS FOR SWAP COUNTERPARTIES Key EU and UK legislation and Brexit SIs Directive 2014/65/EU (EU MiFID II) and Retained Directive 2014/65/EU (UK MiFID II) Regulation (EU) No 600/2014 (EU MiFIR) and Retained Regulation (EU) No 600/2014 (UK MiFIR) Directive 2013/36/EU (EU CRD IV) and Retained Directive 2013/36/EU (UK CRD IV) The EEA Passport Rights (Amendment, etc., and Transitional Provisions (EU Exit) Regulations 2018, SI 2018/1149 The Financial Services Contracts (Transitional and Saving Provision) (EU Exit) Regulations 2019, SI 2019/405 Key changes in practice from IP completion day UK banks and investment...

This Agreement is dated [ insert day and month ] 20[ insert year ] Parties [ Insert name of selling corporate entity ], a company incorporated in [ England and Wales OR [ insert country of incorporation ] ], with registration number [ insert company number ], whose registered office is at [ insert address ] (the Seller); [ Insert name of purchasing corporate entity ], a company incorporated in [ England and Wales OR [ insert country of incorporation ] ], with registration number [ insert company number ], whose registered office is at [ insert address ] (the Buyer), [ (each of the Seller and the Buyer constitutes a Party and, together, the Seller and the Buyer constitute the Parties). ] Background (A) The Company (as defined below) is a private limited company by shares and is incorporated in [ England and Wales OR [ insert country of incorporation ] ]. Details concerning the Company are set out...

This Agreement is entered into on [ insert day and month ] 20[ insert year ] Parties [ insert name of selling corporate entity ], a company incorporated in [ England and Wales OR [ insert country of incorporation ] ], under number [ insert registered number ], with its registered office at [ insert address ] (Seller); and [ insert name of purchasing corporate entity ], a company incorporated in [ England and Wales OR [ insert country of incorporation ] ], under number [ insert registered number ], with its registered office at [ insert address ] (Buyer) [ (each of the Seller and the Buyer is a Party and, together, the Seller and the Buyer are the Parties). ] BACKGROUND The Seller presently conducts the Business [ under the Business Name ]. The Seller has consented to transfer the Business (including the Assets) to the Buyer as a going concern, subject to the terms...

This Agreement is entered into on [ insert day and month ] 20[ insert year ] Parties 1 [ Insert name of selling corporate shareholder ] incorporated in [ England and Wales OR [ insert country of incorporation ] ] with registered number [ insert company number ] whose registered office is at [ insert address ] (the Seller), and 2 [ Insert name of purchasing corporate entity ] incorporated in [ England and Wales OR [ insert country of incorporation ] ] with registered number [ insert company number ] whose registered office is at [ insert address ] (the Buyer), [ with each of the Seller and the Buyer being a Party and, together, the Seller and the Buyer constituting the Parties ]. Background (A) The Company (as defined below) is a private company limited by shares and was incorporated in [ England and Wales OR [ insert country of incorporation ] ]. Details of the Company appear in Schedule 1. (B) The...

An Energy Performance Certificate (EPC) An EPC assesses how energy efficient a building is, scoring it from A to G, with A representing the greatest efficiency. It is illegal for a landlord to let a commercial property with an F or G efficiency rating unless a valid exemption is in place. A landlord must hold an EPC in these situations: when renting out or selling the premises; when a building that was under construction is completed; or when changing the number of areas intended for separate occupation and this includes providing heating, air conditioning or ventilation systems. An EPC is valid for ten years. Certain exemptions apply, including both short and long tenancies...