Regulatory Guide 196
Definition
ASIC Regulatory Guide 196 (RG 196) provides guidance on short selling disclosure and reporting obligations in Australia. It outlines the 0.01% or $100,000 reporting threshold, T+4 publication delay, and the distinction between covered and naked short selling under the Corporations Act 2001.
Related Terms
ASIC
The Australian Securities and Investments Commission - Australia's corporate regulator. ASIC collects and publishes aggregated short position reports from market participants.
Corporations Act 2001
The primary Australian legislation governing short selling. Key sections include s1020B (prohibiting naked short selling), s1020AB (short sale transaction reporting to ASX), and s1020AC (net short position reporting to ASIC). It establishes the legal framework for covered short selling and disclosure obligations.
Reporting Threshold
Market participants must report short positions to ASIC when they exceed $100,000 or 0.01% of the company's issued capital, whichever is less.
See short selling in action
Explore real-time ASIC short position data for ASX stocks.