White & Case London partner & Head of UK Public M&A Patrick Sarch was recently quoted in The Times in relation to plans by the Financial Conduct Authority (FCA) to give short-sellers anonymity in a push for growth. In the updated regime, all individual net short positions reported above the 0.2% threshold would be combined, anonymised and disclosed. Patrick said that “The real impact will be on the [companies] who will have less visibility on who is holding short positions in their stock and whether those positions are concentrated or spread across multiple investors.”
Similar to the United States, voluntary disclosures would continue. London partner and Head of EMEA Activism Tom Matthews was quoted in Global Trading noting that: “We will therefore continue to see short selling “bear attacks” by specialist short selling hedge funds, who publish negative reports on a company in parallel with placing short bets on its stock.”
This story was also featured in CityAM, Bloomberg and Reuters.
Read the full The Times article here (Paywalled).
Read the full Global Trading article here.
Read the full CityAM article here.
Read the full Bloomberg article here (Paywalled).
Read the full Reuters article here.
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Read the orginal article: https://www.whitecase.com/news/media/fca-plans-anonymise-short-selling-speed-processing
