Shares: Sales

HM Treasury written question – answered on 5th December 2017.

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Photo of Lord Vinson Lord Vinson Conservative

To ask Her Majesty's Government what assessment they have made of the extent to which the beneficial owners of shares held in collective investments are fully aware when those shares have been lent for shorting purposes and have given their permission accordingly.

Photo of Lord Vinson Lord Vinson Conservative

To ask Her Majesty's Government whether they intend to make it a condition of listing that administrators of collective investments declare their shorting positions, and have been fully authorised by the beneficial owners of those shares before lending those shares for shorting purposes.

Photo of Lord Bates Lord Bates The Minister of State, Department for International Development

This is a matter for the Financial Conduct Authority (FCA), which is operationally independent from government.

This question has been passed on to the FCA. They will reply directly to the Noble Lord by letter. A copy of the letter will be placed in the Library of the House.

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