Re-responsibility for the shorting of shares.
Recommendation 6
The procedures for administration of the Approved Short Sell list should be revised to address the following matters as soon as possible:
• where responsibility for administering the Approved Short Sell list resides;
• documentation of the reasons supporting the exercise of ASX's discretion to retain a stock on the Approved Short Sell list where the stated criteria is otherwise not satisfied;
• once ASX determines that a stock no longer meets the criteria and does not exercise the discretion above, a clear time frame for a stock to be removed;
• ways to determine whether an entity is related to the Issuer for the purpose of Rule 19.7.1(a).
ASX has or is currently in the process of addressing each aspect of this recommendation.
There you have it.
Cheers
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