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29 March 2011

Revised compromise text on short selling and CDS


Default: Change to:


Restrictions on uncovered short sales and the issue of sovereign debt, together with ESMA’s intervention powers in exceptional situations, are key unresolved issues.


The text proposes to delete provisions that would give national regulators and the European Securities and Markets Authority a general power to restrict transactions in the interest of preventing disorderly price declines.

 


© European Council


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