On 18 February 2022, Europalov announced EEA memorandum on reporting threshold for short selling of 17 February 2022.

• The regulation must be implemented in Norwegian law by incorporation, so provision is included in law or regulation that it applies as law or regulation, respectively.
• Its implementation will not have significant financial consequences for NORFSA.
• It is under assessment of EEA/EFTA states for incorporation into the EEA agreement.
• Assessed by a special committee for capital movements and financial services where ministries concerned are represented that found the act EEA-relevant and acceptable.

Background:

 

• Reg amended current relevant short selling notification threshold and set it permanently at 0.1 %.
• It announced EEA/EFTA countries' draft EEA decision was sent to EU on 9 February 2022.
• Follows EC January 2022 issued reg 2022/27 amending reg 236/2012.
• Entered into force on the 20th day following publication in the official journal, 31 January 2022.