Revised draft standard for disclosure of short sales open for comment – Moonstone Information Refinery

Revised draft standard for disclosure of short sales open for comment – Moonstone Information Refinery

The Financial Sector Conduct Authority has published a revised draft Conduct Standard that sets out requirements for the reporting and public disclosure of short sales. This initiative is designed to address a gap in South Africa’s regulatory framework, which currently does not mandate such reporting. Short selling is a trading strategy where an investor borrows a security and sells it on the open market with the expectation that its price will …