Oliver Wyman Report: The effects of public short-selling disclosure regimes on equities markets

Note on Independence of Oliver Wyman’s Work

Oliver Wyman prepared the Report at the request of the MFA. The MFA members underwrote the cost of preparing the Report. The Report was commissioned because MFA sought to understand whether a public disclosure requirement for short selling would have any effects on trading activity in securities markets. Oliver Wyman performed this work entirely independently. Oliver Wyman designed the study methodology and identified the types of data gathered for the Survey. It obtained data for the Report from independent Data Sources. Oliver Wyman analyzed the data and reached its own independent conclusions. Neither MFA nor its members influenced the analytical processes nor the conclusions that Oliver Wyman drew from its analysis.

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