APCIMS welcomes FSA rules on short selling

In response to the FSA's statement on short selling, CEO David Bennett said: "APCIMS welcomes all attempts to improve market transparency and to reduce volatility in the interests of retail investors.

"It is critical to maintain investors' confidence during these exceptional economic circumstances. We believe that short selling has an important role to play in ensuring liquidity, assisting price discovery and helping the stability prices in a declining market. However, it is vital to maintain the integrity of the markets when they are under exceptional pressure.

"We have urged the FSA not to restrict short selling in the UK but are calling on them to ensure appropriate levels of information and transparency in order to improve shareholder confidence."