FCA: PS26/5: Changes to the UK Short Selling Regime
Further to CP25/29, FCA has now published feedback and final approach to its rules and Statement of Policy, and highlights where it has made changes in response to feedback or as a result of its own review. The main changes relate to: market maker exemption; issued share capital; operational changes, and implementation. The first phase of the new regime will come into force 3 months after the PS was published (13 July 2026) rather than two months, as originally proposed. The second phase will come into force on 30 November 2026. Alongside the PS, FCA has published an operational guide which sets out key changes and a detailed timeline.