On June 19, the International Organization of Securities Commissions announced the publication of Regulation of Short Selling, a report containing "high level principles for the effective regulation of short selling." The four principles recommended by the report are as follows:

  1. Short selling should be subject to appropriate controls to reduce or minimise the potential risks that could affect the orderly and efficient functioning and stability of financial markets.  
  2. Short selling should be subject to a reporting regime that provides timely information to the market or to market authorities.  
  3. Short selling should be subject to an effective compliance and enforcement system.  
  4. Short selling regulation should allow appropriate exceptions for certain types of transactions for efficient market functioning and development.