As previously promised, the U.K. Financial Services Authority announced on Friday that it intends to implement new disclosure obligations for short-selling. These new obligations would require disclosure of short positions representing 0.5% or more of a company’s issued share capital. Also included in the proposal are disclosure requirements for any 0.1% change in a short position, and an extension of the 0.25% short position disclosure threshold for financial stocks. These proposed rules are subject to a public comment period that will close on May 8, 2009, following which the FSA will issue a Feedback Statement, setting out its conclusions on a longer term policy for short selling.