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22 September 2008

Statement on short-selling practices in Japan


Japan has already in place restrictions on short-selling. In addition, there is an “uptick rule requirement” that short-selling are prohibited, in principle, at prices no higher than the latest market price announced by the stock exchange conc

In a statement reacting on the G-7 support to the messures undertaken to stabilize financial markets and to the temporary restrictions on short-selling of shares in financial firms, Toshimitsu Motegi, Minister for Financial Services clarified that Japan has already in place restrictions on short-selling that target not only shares in financial firms but also those in all listed companies.

 

In addition to requirements to verify and mark whether the transactions in question are short selling or not, there is an “uptick rule requirement” that short-selling are prohibited, in principle, at prices no higher than the latest market price announced by the stock exchange concerned.

 

Full statement



© FSA Japan


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