FSA has published a discussion paper on the future of regulation of short-selling. The paper does not make specific proposals to change FSA rules, as FSA is aware short selling is a global issue. So it will not set a blueprint for a disclosure regime at the moment. It will use responses to its paper to help international discussions. FSA's views are, though, that there is no need to ban shortselling in any form (some jurisdictions ban only naked short-selling). It asks whether respondents agree with its reasoning for not banning any short-selling. It then looks at enhanced transparency and its preference for requiring disclosure of significant short positions for all UK listed stocks, based on an initial threshold of 0.5 per cent and then incremental bands of 0.1 per cent of a company’s issued share capital. FSA asks for comments by 8 May.