This is the first time the FCA has fined a firm under the 2012 short-selling rules

The Financial Conduct Authority has fined asset manager Asia Research and Capital Management (ARCM) £873,118 over a failure to disclose short-selling positions in Premier Oil.

Under short-selling rules, firms are required to notify the FCA and publicly disclose their positions when they pass certain thresholds.

Watchdog hits asset manager ARCM with fine for failing to disclose short positions in Premier Oil

City watchdog hits asset manager ARCM with fine for failing to disclose short positions in Premier Oil

James Booth

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