net short position

(1) (except in IPRU(INV) 13 and SSR) a net short position which gives rise to an economic exposure to the issued share capital of a company. Any calculation of whether a person has a short position must take account of any form of economic interest in the shares of the company.
(2) (in IPRU(INV) 13) the situation in which a firm has contracted to sell more of an investment than it holds or will hold or, in respect of options, where it has sold rights which exceed the rights bought.
(3) [deleted]
(4) (in SSR) (in accordance with regulation 6(3)(a) of the Short Selling Regulation 2025) the position in the issued share capital of a company where a person’s total short position in the issued share capital of that company exceeds the person’s total long position in the issued share capital of that company, calculated in accordance with SSR 2.