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SSR TP 1 Transitional provisions: position reporting

Saving of net short positions notified prior to 13 July 2026

13/07/2026R

SSR TP 1.2 applies to a person:

  1. (1) who, after 31 December 2020 but before 13 July 2026, had notified the FCA under Article 5 of 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 was assimilated law by virtue of the EUWA; and
  2. (2) whose last notified net short position in a company was equal to or above the relevant 0.2% notification threshold.
13/07/2026R

In respect of a person described in SSR TP 1.1, the notification will be deemed to have been made under SSR 2.3.1R, SSR 2.16.2R, SSR 2.16.3R or SSR 2.16.5R, as appropriate, for the purposes of SSR and the calculation of the aggregate net short position.

Notifying the FCA when a net short position is established immediately before 13 July 2026

13/07/2026R

Where a person established a net short position in the issued share capital of a company with admitted shares on the working day immediately before 13 July 2026, that net short position must be notified to the FCA, for the purposes of SSR 2.3.1R, SSR 2.16.2R, SSR 2.16.3R or SSR 2.16.5R, as appropriate, and in accordance with SSR 2.7.1R, by 23:59 on 13 July 2026 notwithstanding that the position is established under predecessor legislation.