If the proposals, released in a discussion paper on Friday 6 February, are adopted, they would represent a huge expansion of the current system, imposed in September last year, under which short positions are disclosed in a specific set of financial stocks.
The FSA favours an international approach and is keen to seek support for its proposal. “Enhanced disclosure across the whole market is the right way forward,” said Sally Dewar, FSA managing director of wholesale and institutional markets, in a statement. “It’s also “important that we align our proposals with those being developed on an international basis.”
