Short Selling and Bank Accounts Bill
In progressCurrently at: 2nd reading in the Commons.
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Long title
A Bill to prohibit short selling; to require disclosure by pension funds and their trustees of records of loans of their shares for the purpose of short selling, and of the fees received in such cases; to require banks and building societies to offer their retail customers current and savings accounts free of any charge for holding the accounts when such accounts are in credit; and for connected purposes.
Summary
This Bill would prohibit short selling of shares and require disclosure of loans of shares for such purposes by pension funds and their trustees. It would also force banks to offer free current and savings accounts to all retail customers when they were in credit.
Progress through Parliament
- 1st reading· Commons
23 March 2009 – 23 March 2009
- 2nd reading· Commons
Source: UK Parliament Bills API. Bill ID: 461.