{
  "url": "https://openlegislation.uk/draft-short-selling-regulations-2024/regulation-18",
  "json_url": "https://openlegislation.uk/draft-short-selling-regulations-2024/regulation-18.json",
  "legislation": "ukdsi/2024/9780348265538",
  "legislation_title": "The Short Selling Regulations 2024",
  "legislation_url": "https://openlegislation.uk/draft-short-selling-regulations-2024",
  "path": "regulation/18",
  "kind": "regulation",
  "number": "18",
  "heading": "Notice of FCA decision to exercise power in exceptional circumstances",
  "text": "(1) The FCA must publish a notice of any decision to exercise a power under this Part.\n(2) The notice must specify—\n(a) the power exercised;\n(b) the measure imposed under the power, including a description of the financial instruments or transactions to which it relates;\n(c) the time period for which the measure will be in force;\n(d) the reasons why the FCA believes it necessary or, in the case of a decision to exercise the power in regulation 17, appropriate to exercise the power including the evidence supporting those reasons;\n(e) the reasons why the FCA believes that the exercise of the power will not have a detrimental effect on the efficiency of the financial markets in the United Kingdom which is disproportionate to its benefits;\n(f) where the notice is of a decision to exercise the power in regulation 13(1), the threshold for notification to the FCA of a net short position;\n(g) any exceptions that apply in relation to the measure;\n(h) where the notice is of a decision to exercise a power in regulation 13 or 14—\n(i) how and when notification must be made, and\n(ii) the form and content of the notification.\n(3) A measure imposed by the FCA under this Part takes effect when the notice is published or at a later time specified in the notice and applies (as appropriate) in relation to—\n(a) any position held or any lending agreement in place at the time;\n(b) any position acquired or any lending agreement, short sale or transaction entered into after the measure takes effect.\n(4) A measure imposed by the FCA under this Part ceases to have effect at the end of the time period specified in the notice in accordance with paragraph (2)(c).",
  "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/18",
    "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."
}