Will managers be sold short by Esma’s consultation?

Experts warn European lawmakers seem in no mood to act over concerns about a lack of consistency in member state short-selling approaches

Ever since pan-European regulator Esma introduced tough short-selling regulations (SSRs) in 2012, managers have complained about the burdensome system for flagging short positions and a lack of consistency over the penalties associated with failing to comply. There was some initial hope that when it came to reviewing the regime, as