'Short-selling' ban will not be lifted early in UK

The City of London’s “short-selling” ban and disclosure rules for UK financial stocks will not be lifted early, the City watchdog confirmed today.

The Financial Services Authority (FSA) said that the rules will remain in place until January 16 as planned after being introduced last month to prevent investors from “shorting” banks and insurers and to force those who already had short-selling positions to make daily disclosures.