Tool · Regulation
Global Securities Finance Regulatory Matrix & Reporting Tool
Compare indicative short selling and reporting frameworks across the Americas, Europe, Asia-Pacific, the Middle East and Africa. Official sources take precedence over every summary.
Last reviewed 27 October 2026
Compare international markets
21 markets shown
| Market | Short selling | Naked shorts | Reporting | Equity settlement | Official source |
|---|---|---|---|---|---|
| United StatesNorth America | Regulation SHO locate and close-out requirements; exceptions depend on activity | Subject to locate and close-out rules | Check SEC and FINRA requirements by position and reporting entity | Confirm current cycle | SEC |
| CanadaNorth America | Subject to Canadian market integrity and dealer rules | Check current borrowing and settlement requirements | Check CIRO and provincial securities regulator requirements | Confirm current cycle | CIRO |
| United KingdomEurope | Subject to UK short selling framework and exemptions | Check current covered short selling requirements | FCA short position and UK SFTR requirements; scope differs by activity | Confirm current cycle | FCA |
| European UnionEurope | EU Short Selling Regulation; national restrictions may also apply | Restrictions and exemptions under the applicable EU framework | Short position disclosure and SFTR; confirm national authority and entity scope | Confirm market and instrument | ESMA |
| BrazilLatin America | Check B3 securities borrowing and trading rules | Confirm delivery and borrow requirements with B3 | CVM and B3 rules depend on transaction and participant | Confirm current cycle | CVM |
| MexicoLatin America | Subject to local exchange and securities lending requirements | Confirm eligible securities and borrowing requirements | Check CNBV and relevant exchange rules | Confirm current cycle | CNBV |
| South AfricaAfrica | Check JSE rules and securities lending arrangements | Confirm delivery and settlement obligations | Check FSCA and JSE requirements by participant | Confirm current cycle | FSCA |
| Saudi ArabiaMiddle East | Subject to covered short selling and eligible securities rules | Confirm current exchange restrictions | CMA and Saudi Exchange requirements | Confirm current cycle | CMA |
| United Arab EmiratesMiddle East | Rules depend on exchange and regulatory jurisdiction | Check the relevant exchange framework | SCA or DFSA requirements depending on jurisdiction | Confirm exchange and instrument | DFSA |
| Hong KongNorth Asia | Covered only; designated securities list | Prohibited (criminal offence) | Weekly net short position reporting to SFC above threshold; aggregated publication | T+2 | SFC |
| JapanNorth Asia | Permitted with price restrictions in certain conditions | Restricted | Short positions reported to FSA above threshold; public disclosure above higher threshold | T+2 | FSA Japan |
| Mainland ChinaNorth Asia | Limited: margin trading and securities lending via eligible brokers | Prohibited | Exchange-level reporting; tight eligibility controls | T+1 (shares) | CSRC |
| South KoreaNorth Asia | Covered only; resumed in 2025 after market-wide ban, with new controls | Prohibited; heavy penalties | Position reporting and public disclosure above thresholds | T+2 | FSC Korea |
| TaiwanNorth Asia | Covered; borrow before sale | Prohibited | Exchange reporting and daily publication of short sales and SBL balances | T+2 | TWSE |
| SingaporeSoutheast Asia | Permitted; short orders must be marked | Prohibited under SGX rules (with limited exceptions) | Short position reporting to MAS above threshold; aggregated publication | T+2 | MAS |
| MalaysiaSoutheast Asia | Regulated short selling of approved securities | Prohibited | Reporting via Bursa Malaysia | T+2 | Securities Commission Malaysia |
| ThailandSoutheast Asia | Covered short selling of eligible securities | Prohibited | Exchange reporting; recent tightening of controls | T+2 | SEC Thailand |
| IndonesiaSoutheast Asia | Restricted; eligible list approach | Prohibited | Exchange-level controls | T+2 | OJK |
| PhilippinesSoutheast Asia | Framework exists but limited activity | Prohibited | Exchange-level controls | T+2 | SEC Philippines |
| IndiaSouth Asia | Permitted for institutions with disclosure; SLB scheme via exchanges | Prohibited for institutional investors | Institutions disclose short sale upfront at order level | T+1 | SEBI |
| AustraliaOceania | Covered; naked prohibited with limited exemptions | Prohibited (limited exemptions) | Short position reporting to ASIC above threshold; ASIC publishes aggregates | T+2 | ASIC |
For informational and reference purposes only. Entries are editorial summaries compiled from the public websites of each market's securities regulator or exchange (linked in the "Official source" column) and were last reviewed on the date shown above. Thresholds, exemptions and settlement cycles change; always confirm with the official source and take professional advice before acting.
Scope and verification
- Coverage includes selected markets, not every jurisdiction; securities and investor categories may have different requirements.
- Use the official source link to check exact thresholds and current exemptions.
- Read the market guides for context on lending mechanics and tax.