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United Kingdom

UK Short Selling Regime: Practitioner Checklist on Reporting Thresholds, Exemptions, Timing, FCA Notifications and Emergency Powers (Short Selling Regulations 2025; FCA Short Selling Rules (SSR) effective 13 July 2026)

Checklists
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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 instruments.

What are the reporting requirements?

The reporting obligations under the new UK short selling regime are addressed in this checklist...

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Web page updated on 20/05/2026

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