Our client alerts dated 19 September and 1 October 2008 reported on the emergency temporary measures taken by the UK’s Financial Services Authority (“FSA”), which imposed a ban on all short-selling in publicly-quoted UK financial sector companies as well as a heightened obligation to disclose net short positions in the shares of such companies. 1 These measures were expressed to expire on 16 January 2009 unless extended by the FSA.

Please see full update for more information.