The Financial Services Agency (FSA) indicats that it will bring forward to November 7 the implementation of a rule related to disclosure of short selling. The new rule, which requires holders of a short selling position of 0.25% or more (in principle) of outstanding stocks to report this to exchanges through securities firms, was initially scheduled to be implemented around the middle of the month. The measure is temporary and will last until the end of March 2009, but the FSA has said it will also amend the relevant regulations.
The move follows the FSA’s decision to bring forward a temporary prohibition of naked short selling from 4 November to 30 October.
D.C.