Fri, May 27, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Spain and Italy re-introduce bans on short selling

Wednesday, July 25, 2012

From Komfie Manalo, Opalesque Asia: The regulatory bodies of Spain and Italy have re-introduced bans on short-selling, only months after allowing the practice.

Spain’s ban on short selling will last until October 23, 2012, while the Italian ban on the short sale of certain financial stocks will run through July 27, 2012. The bans do not cover ordinary bonds but do cover bonds that convert into equity, international law firm Schulte Roth & Zabel (SCZ) reported in a Alert yesterday.

In February this year, Spain joined France and Belgium in lifting the short-selling bans that had been enforced in 2011. The regulatory authorities of France, Belgium, Italy and Spain had then ordered temporary bans on short positions in the stock of specified financial institutions within their respective jurisdictions.

According to SCZ, the Spanish regulator, the Comisión Nacional del Mercado de Valores (CNMV), has instituted a three-month ban on the short sale of all stocks listed on Spanish exchanges. The CNMV said that it was putting a halt to "any transaction which might constitute or increase a net short position on stocks admitted to trading in a Spanish regulated market" over which it has authority.

The CNMV defines a net short position as 'any position......................

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. Paul Tudor’s hedge fund trims fee amidst poor performance, keep investors[more]

    Komfie Manalo, Opalesque Asia: Paul Tudor’s $11.6bn hedge fund firm Tudor Investment Corp. announced on Monday it would slash down fees of one of its biggest fund to 2.25% of assets and 25% of profits amidst backlash arising from poor performa

  2. Ares Capital to buy American Capital in $3.4 billion deal[more]

    From PIOnline.com: Ares Management's business development company Ares Capital Corp. is buying troubled BDC American Capital for $3.43 billion, said a joint news release by the BDCs and another release by Ares Management. Ares Capital Corp.'s assets are expected to grow to about $13.2 billion when t

  3. Performance - Hedge fund ETFs take a battering, Have long-short credit funds delivered?[more]

    Hedge fund ETFs take a battering From ETFStrategy.co.uk: It was a blow for the hedge fund world when Hillary Clinton’s son-in-law Marc Mezvinsky announced he would be closing his Greek-focused fund after it plummeted in value by 90%, just two years after it launched. For passive investor

  4. Launches - Man Group and American Beacon launch new emerging debt fund, Nikko AM launches new Japan equity UCITS fund[more]

    Man Group and American Beacon launch new emerging debt fund American Beacon Advisors, an experienced provider of investment advisory services to institutional and retail markets, launched the American Beacon GLG Total Return Fund today. The Fund became effective May 20. The America

  5. Emerging markets hedge funds perform strongly, but capital base erodes[more]

    Komfie Manalo, Opalesque Asia: Latin American Emerging Markets and Russian hedge funds lead industry gains in the first months of 2016, posting strong performances through April as global and EM equity, commodity and currency markets surged in recent weeks following steep losses to begin the year