On October 22, the UK Financial Services Authority (FSA) announced that it had completed its 30-day review of the additional short selling provisions introduced to its Code of Market Conduct on September 18, 2008 (as reported in the September 19, 2008 edition of Corporate and Financial Weekly Digest).

The FSA has decided to make only one change. It will amend the Code of Market Conduct so that once disclosure of a short position has been made, additional disclosures will only be required when that short position changes, not, as currently required, on a daily basis. The FSA will make a further announcement once the change has been made.