Short Selling (Amendment) (EU Exit) Regulations 2018 Made in Preparation of Brexit
On December 7, the Short Selling (Amendment) (EU Exit) Regulations 2018 (UK Regulations) were published, together with an explanatory memorandum. A draft version of the UK Regulations was published on October 10.
The UK Regulations ensure that the regime established in the United Kingdom under the EU Short Selling Regulation (SSR) will continue to operate effectively after its withdrawal from the European Union on March 29, 2019 (Exit Day).
The UK Regulations will amend the SSR and the delegated legislation made by the European Commission under such regulation. They also amend Part 8A of the Financial Services and Markets Act 2000, which implemented parts of the SSR in the UK.
The UK Regulations will go into effect on Exit Day.