The association cited the “current uncertainty as to the future development of the Coronavirus pandemic (COVID-19)”, as driving the decision to delay its annual event until next year.
“We are now in a market gripped by panic and we believe that restricting the ability to short sell is in the best interest of promoting a more orderly market," says UniSuper CIO
The FCA has so far stopped short of imposing a short selling ban on any UK stocks and is unlikely to do so, according to Nick Bayley, managing director and head of Duff & Phelps’ compliance and regulatory consulting practice
The ban is in effect for Friday’s trading sessions and applies to all liquid shares whose price has fell by more than 10 percent and all illiquid shares whose price that fell by more than 20 percent on Thursday
