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BRIEF-UK watchdog fines ARCM for breaches of short-selling rules

Oct 14 (Reuters) -

* FCA FINES ASIA RESEARCH AND CAPITAL MANAGEMENT £873,118 FOR BREACHES OF SHORT SELLING DISCLOSURE RULES

* FCA SAYS FIRM FAILED TO NOTIFY FCA AND DISCLOSE TO PUBLIC ITS NET SHORT POSITION IN PREMIER OIL PLC BUILT BETWEEN FEBRUARY 2017 AND JULY 2019.

* FCA SAYS ARCM REPEATEDLY BREACHED REPORTING RULES AND FAILED TO PROVIDE IMPORTANT INFORMATION TO US AND TO MARKET

* FCA SAYS THIS IS FIRST TIME IT HAS TAKEN ENFORCEMENT ACTION FOR A BREACH OF SHORT SELLING RULES Source text for Eikon: Further company coverage: [ ] (Reporting By Huw Jones)

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