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Bill · started in the Commons

Short Selling and Bank Accounts Bill

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.

In progress Current stage: 2nd reading (Commons)

The story so farThe Short Selling and Bank Accounts Bill was introduced in the House of Commons on 23 March 2009 by Mr Frank Field (Labour). It is now at second reading in the House of Commons. Second reading is the first debate on the overall principle of the bill; if the bill clears it, detailed committee scrutiny follows.

What the bill does

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

  1. 1st reading Commons 23 Mar 2009
  2. 2nd reading Commons Current

Source: the official bill page. Last updated 18 Nov 2009.