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France, Spain, Italy, Belgium and Greece extend short sale bans on financial companies

Friday, August 26, 2011
Opalesque Industry Update - From international law firm Schulte Roth & Zabel: The short-selling bans on certain financial companies imposed on Aug. 12, 2011 by the securities authorities in France, Spain, Italy, Belgium and Greece1 have been extended. The extension periods are noted below, together with a link to the statement issued by each country that extended the ban.

France:
The AMF’s ban on short-selling will end on Nov. 11, 2011 but will be reevaluated before the end of September.

Spain:
The CNMV’s ban on short-selling will end on Sept. 30, 2011 but may be lifted earlier as market conditions allow.

Italy:
CONSOB’s ban on short-selling will end on Sept. 30, 2011 but may be lifted earlier as market conditions allow.

Belgium:
The FSMA has continued the indefinite ban on short-selling introduced on Aug. 12, 2011.

Greece:
The HCMC’s ban on short-selling will end on Oct. 7, 2011 but will be reevaluated before the end of September... For full statement of each country, please click: Source

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