{
  "url": "https://openlegislation.uk/draft-short-selling-amendment-eu-exit-regulations-2018/regulation-9",
  "json_url": "https://openlegislation.uk/draft-short-selling-amendment-eu-exit-regulations-2018/regulation-9.json",
  "legislation": "ukdsi/2018/9780111173039",
  "legislation_title": "The Short Selling (Amendment) (EU Exit) Regulations 2018",
  "legislation_url": "https://openlegislation.uk/draft-short-selling-amendment-eu-exit-regulations-2018",
  "path": "regulation/9",
  "kind": "regulation",
  "number": "9",
  "heading": "Uncovered short sales",
  "text": "(1) In Article 12(2)—\n(a) in the first sub-paragraph—\n(i) in the first sentence, for the words from the beginning to “develop draft” substitute “For the purposes of paragraph 1, the FCA may make”;\n(ii) in the second sentence, for “ESMA” substitute “the FCA”;\n(b) omit the second and third sub-paragraphs.\n(2) In Article 13—\n(a) in paragraph 3—\n(i) in the first sub-paragraph—\n(aa) after “referred to in”, the first time it occurs, insert “Commission Delegated Regulation (EU) No 918/2012 or in regulations made by the Treasury under”;\n(bb) for “relevant competent authority” substitute “FCA”;\n(cc) omit the final sentence;\n(ii) in the second sub-paragraph, for “relevant competent authority” substitute “FCA”;\n(iii) omit the third sub-paragraph;\n(b) in paragraph 4—\n(i) in the first sub-paragraph, for “Commission shall adopt delegated acts in accordance with Article 42 specifying” substitute “Treasury may by regulations specify”;\n(ii) in the second sub-paragraph, omit “for Member States”;\n(iii) in the third sub-paragraph, for “each sovereign” substitute “the sovereign”;\n(c) in paragraph 5—\n(i) in the first sub-paragraph—\n(aa) in the first sentence, for the words from the beginning to “develop draft” substitute “For the purposes of paragraph 1, the FCA may make”;\n(bb) in the second sentence, for “ESMA”, substitute “The FCA”;\n(ii) omit the second and third sub-paragraphs.\n(3) In Article 14, in paragraph 2—\n(a) in the first sub-paragraph—\n(i) for “A competent authority” substitute “The FCA”;\n(ii) for “sovereign issuers” substitute “the sovereign issuer”;\n(iii) for “issuers’ ability” substitute “issuer’s ability”;\n(b) in the second sub-paragraph, for “competent authority” substitute “FCA”;\n(c) omit the third and fifth sub-paragraphs;\n(d) in the fourth sub-paragraph, for “relevant competent authority” substitute “FCA”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukdsi/2018/9780111173039/regulation/9",
    "retrieved_at": "2026-10-30T15:03:57.414203+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}