On 14 May ASIC released its Consultation Paper 299 Short selling: Naked short selling relief, position reporting amendments and sunsetting class orders (CP 299) seeking feedback on various proposals relating to both naked and covered short selling.
ASIC states that it is important that short selling continues to be regulated appropriately so that our market remains orderly and transparent, and that the proposals strike a balance between providing efficiency and certainty and reducing the burden of compliance for businesses, and managing the risks that short selling poses to market integrity
Responses to CP 299 are due by 20 June.
