CP 299 Short selling: Naked short selling relief, position reporting amendments and sunsetting class orders
Released聽14 May聽2018. Comments closed 20 June 2018.
This consultation paper seeks feedback from short sellers on our proposals to:
- grant legislative relief from the naked short selling prohibition to market makers of certain exchange traded products (ETPs);
- grant legislative relief from the naked short selling prohibition in the context of corporate actions and initial public offering (IPO) sell-downs;
- change the relevant time short positions are calculated; and
- remake a number of class orders on short selling which are due to expire (sunset) under the Legislation Act 2003 (Legislation Act).
We propose to consolidate the relief into a single instrument.