Home FCA Handbook SSR SSR 1 SSR 1.2 Purpose
You are viewing SSR 1.2 Purpose as of . SSR 1.2 Purpose was last updated on 13/07/2026.

SSR 1.2 Purpose

13/07/2026G
  1. (1) The Short Selling Regulations 2025 set out a framework to replace the UK version of Regulation (EU) No 236/2012 of the European Parliament and of the Council of 14 March 2012 on short selling and certain aspects of credit default swaps, which is part of UK law by virtue of the EUWA and which was repealed on 13 July 2026, the day these rules came into force.
  2. (2) The Short Selling Regulations 2025 confer new powers on the FCA to make designated activity rules governing short selling, including in relation to position reporting and covering obligations. It also enables the FCA to create, in rules, a framework for short selling activities in relation to the carrying out of a stabilisation and market making activities.
  3. (3) The Short Selling Regulations 2025 also confer on the FCA new functions such as establishing and maintaining the reportable shares list and the aggregate net short position report.
13/07/2026G

As such, the purpose of SSR is to set out:

  1. (1) relevant rules and guidance in relation to short selling activity under the framework set out in the Short Selling Regulations 2025; and

  2. (2) guidance on the FCA’s functions under the Short Selling Regulations 2025.

     

     

     

13/07/2026G

In accordance with SSR 1.2.2G, SSR should be read together with the Short Selling Regulations 2025.

13/07/2026G

A separate statement of policy provides further information on how and when the FCA may choose to exercise the emergency intervention powers set out under Part 4 of the Short Selling Regulations 2025.