# The Short Selling Regulations 2025, Regulation 13: FCA power to require notifications

Extent: E+W+S+N.I.

(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—
(a) the position the person holds, where it is equal to or exceeds a specified threshold;
(b) any change to that position (for example, where the position falls below the specified threshold).
(2) The FCA may require any person who has—
(a) entered into a short sale of a financial instrument, or
(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,
to notify to the FCA details of the position the person holds as a result of that short sale or transaction.
(3) This regulation is subject to regulation 16(1).
(4) In paragraph (1)—
(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);
(b) “specified” means specified in a notice published by the FCA under regulation 18;
(c) the threshold may be the same as or lower than the notification threshold specified in regulation 6(2).

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Source: https://www.legislation.gov.uk/uksi/2025/29/regulation/13 (the official version)
Page: https://openlegislation.uk/short-selling-regulations-2025/regulation-13/enacted
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.