SBAI Response to ESMA on Short Selling (ESMA/2012/572)
We stress the need for regulatory disclosure of short positions exceeding certain thresholds (as detailed in this consultation), but also highlight that there is no justification for a public disclosure regime of short positions from a financial stability and market integrity or efficiency perspective. In addition, in the context of equities, we support a symmetric disclosure regime where short disclosures mirror long disclosure requirements in terms of thresholds.
ESMA Consultation Paper on Regulation of Short Selling (15 February 2012)