On 18 May, ESMA noted non-renewal of national short-sale bans. ESMA notes non-renewal of the restrictions on short selling and similar transactions. Follows ESMA April 2020 issued positive opinions on ban extensions. Follows AIMA May 2020 issued joint letters to national authorities. Expiration of Bans Finanzmarktaufsicht (FMA) of Austria; Financial Securities, Markets Authority (FSMA) of…
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Rulefinder Reports Short Selling Bans Effective Today
On 14 May 2020, Rulefinder reported temporary short selling bans effective today.
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France – Proposal to Change Shareholding Disclosure Threshold
On 28 April 2020, FR AMF issued proposed shareholder activism rules. The AMF has suggested several targeted measures regarding shareholder activism. Proposals Enhance transparency on stake-building by lowering the first legal notification threshold for substantial shareholding and making public any statutory threshold crossing reported to the company; Supplementing the reporting on net short positions by…
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Rulefinder Alerts to Extended Short Selling Ban
On 28 April 2020, aosphere LLP's Rulefinder alerted clients to an extended short selling ban.
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Spain – CNMV Updated FAQs on Short Selling Ban
On 17 April 2020, ESP CNMV issued updated FAQ document on the short selling ban. Half of the questions covered in late March 2020 have been supplemented or amended.
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Austria – Extension of Short Selling Ban
On 15 April 2020, AUT FMA extended the short sale ban in some financial instruments. It relates to entering new net short positions or increasing existing net short positions. Transactions by market makers and some trades in financial instruments are exempt. AUT FMA has agreed procedure with ESMA and the procedure has been harmonized. The…
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