UK’s FCA concludes first SSR enforcement against Premier Oil short seller

The UK’s Financial Conduct Authority (FCA) has taken its first-ever enforcement action for a breach of the Short Selling Regulation (SSR).

The market regulator has fined Hong Kong-based asset management firm Asia Research and Capital Management (ARCM), for failing to disclose its massive net short position in Premier Oil, a UK oil company, which it opened in February 2017 and built to 16.85 percent of issued share capital by July 2019.

• Author of original article: Drew Nicol
• Publication Name: Securities Lending Times
• URL of the original article: http://www.securitieslendingtimes.com/securitieslendingnews/regulationarticle.php?article_id=224261