Short Sale Flagging
Under Swiss law the trading venue may prescribe in its regulations that participants must flag up short-selling positions whereas European regulation requires the flagging of short sale transactions in shares or sovereign debt with the exemption of market making activities. Short selling is currently permitted as long as the participants settles the trade in the value date.
No changes required by FMIA. Currently SIX Swiss Exchange and for SIX Corporate Bonds do not have a short sale flag in place and we do not plan to implement this.
Art. 30: Guarantee of orderly trading
Art. 30 (para 4): Guarantee of orderly trading
- MiFID II;
RTS 22 (Art. 11): Designation to identify a short sale
Art. 26 (para 3, 9 let d ): Obligation to report transactions