Short Selling Regulation: consultation – sovereign debt and credit default swaps

As part of the Edinburgh Reforms, HMT launched a Call for Evidence on the Short Selling Regulation.

The Short Selling Regulation (SSR) was introduced by the European Union (EU) and brought onto the UK statute book following our exit from the EU. In addition to regulating the short selling of equities, the SSR also contains provisions on sovereign debt and credit default swaps.

Following the Call for Evidence, the government is now seeking views on this specific aspect of the SSR, which was not covered in the original Call for Evidence. Specifically, this consultation seeks views on the government’s proposal to delete the aspects of the regime related to sovereign debt and credit default swaps as part of the government’s work to replace the SSR with a UK-tailored regulatory regime.

This work is part of HM Treasury’s programme to deliver a Smarter Regulatory Framework, tailored to the UK.