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.
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.
House of Commons
18 November 2009
This Bill would ban the practice of short selling of shares and force pension funds and their trustees to disclose any loans of their shares used for short selling, including the fees earned in such cases. It would also require banks and building societies to offer current and savings accounts to retail customers free of charge when the accounts are in credit. The aim is to increase transparency and protect consumers.
The Bill is currently at the 2nd reading in the House of Commons. If it advances, it would proceed to committee stage and subsequent readings before possible passage.
Generated 21 February 2026
This Bill was presented to Parliament on 23 March. This is known as First Reading and there is no debate on the Bill at this stage.
This Bill was on the Order Paper for several Fridays before being dropped by its' sponsor Mr Frank Field.
No recorded votes for this bill yet.
