Apr. 09, 2021
To Whom It My Concern, I am an individual retail investor in the UK and would like to express my opinion regarding this new proposed rule SR-NSCC-2021-801. I personally own many American stocks through custodians and as such am directly exposed to the dealings of American regulators in regards to the stock market. I believe this rule - if enacted - is a step in the right direction towards accountability for those who engage in short selling/stock borrowing. It is time for an update to the current Regulation SHO closeout requirements and I believe that this SLD change in process from Monthly to Daily settlement is progress. I would like to see this rule passed and implemented immediately. Lastly on this ruling, I would like to see stronger penalties enacted for non-compliance and violation of this rule. Thank you for your time and consideration in this matter. Sincerely, Hannah Smith