On 15 September the Commission adopted a proposal for a regulation on short-selling and certain aspects of Credit Default Swaps (CDS). Its objectives are to create a harmonised framework for coordinated action at European level, increased transparency and reduced risks. The new framework will mean that regulators at domestic and European level will have clear powers to act when necessary, whilst preventing market fragmentation and ensuring smooth functioning of the internal market. Currently there is little reliable information available on short-selling. This proposal improves transparency by requiring that all share orders on trading venues be marked as "short". Additional investors will have to disclose significant net short positions in shares to the regulators at one threshold (0.2% of issued share capital), and to the market at a higher threshold (0.5%).