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FINMAR 2.1 Application and purpose

Application

FINMAR 2.1.1R

1This chapter applies to all persons who:

  1. (1)

    engage, or are intending to engage, in short selling in relation to relevant financial instruments; or

  2. (2)

    have engaged in short selling in relation to relevant financial instruments where the resulting short position is still open.

Purpose

FINMAR 2.1.2GRP

The purpose of this chapter is to set out rules andprovide guidance in relation to short selling in order to promote the FSA's statutory objectives of:

  1. (1)

    maintaining confidence in the UK financial system; and

  2. (2)

    contributing to the protection and enhancement of the stability of the UK financial system.