These Regulations make provision about the short selling of shares and other financial instruments, and transactions which have a similar effect to a short sale. They replace Regulation (EU)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 to be revoked by section 1 of the Financial Services and Markets Act 2023 (c. 29) (“FSMA 2023”) once commenced). This instrument restates some provisions of Regulation (EU)236/2012 with modifications exercising powers in section 4 of the Financial Services and Markets Act 2023 (c. 29). These Regulations also make provision under powers in Part 5A of the Financial Services and Markets Act 2000 (c. 8) (“FSMA 2000”).