SBAI Responds to ESMA CP on Short Selling

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)