Encyclopedia
Opening a Short Position
Opening a short position — the sale by a taxpayer of a security where there are obligations to return securities received under the first part of a repo (ceased to be in force as of 2019-05-01)1.
Opening a short position — under opening a short position in securities (hereinafter in this article - short position), which are subject to a repo operation and are held by the buyer under the first part of a repo, is understood as the sale by a taxpayer of a security where there are obligations to return securities received under the first part of a repo2.
Tax Code of the Russian Federation, ed. as of 2019-01-01, art. 214-3, para. 12, ceased to be in force as of 2019-05-01 // RSZ RF. 2000. No. 32. Art. 3340. ↩
Federal Law No. 281-FZ of November 25, 2009, "On Amending Part One and Two of the Tax Code of the Russian Federation and Certain Legislative Acts of the Russian Federation" of November 25, 2009, as amended on July 4, 2016, Article 2, paragraph 12#2 // RSZ RF. 2009. No. 48. Article 5731. ↩