{
  "url": "https://openlegislation.uk/draft-short-selling-regulations-2024/regulation-13",
  "json_url": "https://openlegislation.uk/draft-short-selling-regulations-2024/regulation-13.json",
  "legislation": "ukdsi/2024/9780348265538",
  "legislation_title": "The Short Selling Regulations 2024",
  "legislation_url": "https://openlegislation.uk/draft-short-selling-regulations-2024",
  "path": "regulation/13",
  "kind": "regulation",
  "number": "13",
  "heading": "FCA power to require notifications",
  "text": "(1) The FCA may require any person who has a net short position in the issued share capital of a reportable company to notify to the FCA details of—\n(a) the position the person holds, where it is equal to or exceeds a specified threshold;\n(b) any change to that position (for example, where the position falls below the specified threshold).\n(2) The FCA may require any person who has—\n(a) entered into a short sale of a financial instrument, or\n(b) entered into a transaction, other than a short sale of a financial instrument, where an effect of the transaction is to confer a financial advantage on the person in the event of a decrease in the price or value of that financial instrument,\nto notify to the FCA details of the position the person holds as a result of that short sale or transaction.\n(3) This regulation is subject to regulation 16(1).\n(4) In paragraph (1)—\n(a) a “reportable company” is a company in relation to which a person with a net short position equal to or greater than the threshold in regulation 6(2) is required to make a notification under rules made by virtue of regulation 6(1);\n(b) “specified” means specified in a notice published by the FCA under regulation 18;\n(c) the threshold may be the same as or lower than the notification threshold specified in regulation 6(2).",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukdsi/2024/9780348265538/regulation/13",
    "retrieved_at": "2026-10-30T14:40:14.742662+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."
}