Short Selling

We continue to constructively engage in the global regulatory discussion on the role of short selling. Our responses focus on the beneficial role short selling plays in the price formation in markets.

The role of short selling came into focus following the 2008 and 2009 financial crisis and the discussion continues to resurface. Most recently, in 2020 discussions about short selling resumed when a small number of jurisdictions imposed short selling restrictions. Followed in 2021 by further questions in the wake of market volatility caused by meme stock trading (such as “Gamestop”). We continue to engage with the supervisory committee to underscore the importance of short selling in fair and efficient markets.