Short Selling Regulation: consultation – sovereign debt and credit default swaps
Download the full outcome
Detail of outcome
The document sets out the government’s final policy position for the regulation of the short selling of sovereign debt and credit default swaps. This document summarises responses received to the consultation published on 11 July 2023, on aspects of the Short Selling Regulation related to sovereign debt and credit default swaps. It then sets out the government’s approach to these aspects of the regime under the UK’s new short selling regime.
Original consultation
Consultation description
As part of the Edinburgh Reforms, HMT launched a Call for Evidence on the Short Selling Regulation.
The Short Selling Regulation (SSR) was introduced by the European Union (EU) and brought onto the UK statute book following our exit from the EU. In addition to regulating the short selling of equities, the SSR also contains provisions on sovereign debt and credit default swaps.
Following the Call for Evidence, the government is now seeking views on this specific aspect of the SSR, which was not covered in the original Call for Evidence. Specifically, this consultation seeks views on the government’s proposal to delete the aspects of the regime related to sovereign debt and credit default swaps as part of the government’s work to replace the SSR with a UK-tailored regulatory regime.
This work is part of HM Treasury’s programme to deliver a Smarter Regulatory Framework, tailored to the UK.
Documents
Last updated 22 November 2023 + show all updates
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Added consultation summary of responses.
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First published.