ESMA has published a table showing whether national regulators intend to comply with the guidelines on the exemption for market makers from the Short Selling Regulation (SSR). Denmark, France, Germany, Sweden and the UK have said they do not intend to comply with the guidelines. In the case of the UK, FCA has decided not to comply with the requirement that a market maker must be member of a trading venue where the shorted financial instrument is admitted to trading. FCA says that the guidelines go beyond the SSR, and this requirement could pose a barrier to market makers in OTC derivatives that need to hedge their position by trading in the underlying stock. Also, FCA will not comply with the limitations to the scope of products eligible for the market maker exemption. (Source: ESMA Publishes Compliance Table for Guidelines on Market Making)