In October 2020 the FCA issued a Final Notice to Asia Research and Capital Management Ltd (ARCM). The FCA found that between 22 February 2017 and 3 December 2019, ARCM failed to make a number of notifications to the FCA and disclosures to the public that it was required to make under the Short Selling Regulation (236/2012) (SSR) in relation to a net short position in a particular issuer’s shares.