Tue, May 3, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

France, Belgium, Spain lift short selling bans, Spanish listed financial shares tumble

Friday, February 17, 2012

Bailey Mccann, Opalesque New York: Spain has just joined France and Belgium in lifting the short selling bans enacted in 2011, when the national regulatory authorities in France, Belgium, Italy and Spain introduced temporary bans on short positions in the stock of specified financial institutions within their respective jurisdictions.

The ban was officially lifted in Spain yesterday; France and Belgium lifted theirs on February the 13th. Disclosure requirements for some short positions however remain in effect.

According to a client alert from US-based law firm Shulte Roth & Zabel, the Autorité des Marchés Financiers (AMF) in France and the Financial Services and Markets Authority (FSMA) in Belgium will once again allow the creation and increase of short positions on financial sector equities. The announcement in Spain (from the Comisión Nacional del Mercado de Valores (CNMV)) makes similar allowances.

Last month, Italy’s Commissione Nazionale per le Società e le Borse (CONSOB), which had put similar prohibitions in place, announced that it was extending the ban on short selling Italian financial sector companies until 24 February 2012. No further news so far.

As Bloomberg ......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Hedge funds see $14.3bn outflows in Q1, CTAs and multi-strategy lead net inflows[more]

    Komfie Manalo, Opalesque Asia: The hedge fund industry saw net outflows of investor capital in the first quarter of the year, totaling $14.3bn, data from Preqin showed. This continues from the $8.9bn overall net outflows that funds recorded in Q4

  2. Third Point calls Q1 "catastrophic" for hedge funds[more]

    Bailey McCann, Opalesque New York: The first quarter of this year was rocky for hedge funds based on aggregate performance from the industry, but now we are beginning to hear what the managers thought of it as quarterly letters make their way to investors. Dan Loeb, CEO of New York-based $17 bill

  3. Asia - Stabilization of China's capital outflows may hinge on Janet Yellen, Fink says China to do well this year as bubble threat postponed, Chinese hedge fund to invest in India’s infrastructure[more]

    Stabilization of China's capital outflows may hinge on Janet Yellen From Bloomberg.com: Whether China’s recent stabilization of its currency and capital outflows continues -- or downside pressure reignites -- may hinge in large part on Janet Yellen. If the Federal Reserve chair sticks to

  4. …And Finally - After all, judges are human too[more]

    From Newsoftheweird.com: In March, one District of Columbia government administrative law judge was charged with misdemeanor assault on another. Judge Sharon Goodie said she wanted to give Judge Joan Davenport some files, but Davenport, in her office, would not answer the door. Goodie said once the

  5. Comment - Unmasking the men behind Zero Hedge, Wall Street's renegade blog[more]

    From Bloomberg.com: Colin Lokey, also known as "Tyler Durden," is breaking the first rule of Fight Club: You do not talk about Fight Club. He’s also breaking the second rule of Fight Club. (See the first rule.) After more than a year writing for the financial website Zero Hedge under the n