#2026/587UK starts repeal of retained EU short-selling rules
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This regulation brings parts of the Financial Services and Markets Act 2023 into force on 13 July 2026, so the UK can repeal retained EU rules on short selling and certain credit default swaps. It removes the EU Short Selling Regulation and related UK and EU technical rules from the UK statute book. The practical effect is mainly for financial market participants, including investment firms, hedge funds, trading venues, brokers, and compliance teams that monitor short positions. They should check the replacement UK framework and update internal policies, reporting processes, and compliance controls before the repeal takes effect.
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Key Changes
- Brings selected repeal provisions of the Financial Services and Markets Act 2023 into force on 13 July 2026
- Revokes the retained EU Short Selling Regulation in the UK
- Removes related UK regulations and EU technical standards on short-selling notifications, disclosures, calculations, and settlement arrangements