The FSMA today published a new version of the FAQs concerning the ban on short selling of financial shares.
The new version of the FAQs answers questions received from market participants concerning the application of the ban, amongst others the fact that the ban is based on the net economic position.
The current ban provisions were introduced on 12 August 2011. The FSMA is acting in close cooperation with the other European regulators that limited short selling and under the coordination of ESMA, and will continue to monitor the markets and their developments closely.
Upon consultation with the above-mentioned regulators, the FSMA will assess when it may be opportune to lift the temporary ban on covered short selling. The aim is to lift the ban as soon as market conditions allow it and, as far as possible, in a coordinated way.
Full Q&A
© FSMA - The Financial Services and Markets Authority
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