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SSR 2.8 Calculation of a net short position: general

Method for calculating net short position

13/07/2026G

For the purposes of SSR:

  1. (1) A person has a net short position in the issued share capital of a company with admitted shares if the 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.
  2. (2) A short position in the issued share capital of a company is the position resulting from:
    1. (a) a short sale of a share issued by the company; or
    2. (b) entering into a transaction, other than a short sale of a share issued by the company, where an effect of the transaction is to confer a financial advantage on the person entering into that transaction in the event of a decrease in the price or value of a share issued by the company.
  3. (3) A long position in the issued share capital of a company is the position resulting from:
    1. (a) holding a share issued by the company; or

    2. (b) entering into any transaction where an effect of the transaction is to confer a financial advantage on the person entering into that transaction in the event of an increase in the price or value of a share issued by the company.

       

13/07/2026R

For the purpose of calculating a net short position, the methodology in SSR 2.18.1R must be used.