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Schedule 3, paragraph 4

FSMA 2023

Engaging in short selling in relation to specified financial instruments (“shorted instruments”) including where— a person enters into a transaction which creates, or relates to, another financial instrument, and the effect (or one of the effects) of the transaction is to confer a financial advantage on that person in the event of a decrease in the price or value of the shorted instrument.

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Source: legislation.gov.uk · retrieved 2026-09-04