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13 February 2012

End of the short selling ban regarding French securities of the financial sector


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The provisions prohibiting any creation of a net short position and increase of an existing one in relation to French equity securities of the financial sector came to an end on Saturday, 11 February, 2012.


As a consequence thereof, the prohibition of short sales regarding equity securities and securities giving access to the share capital of the following credit institutions and insurance companies is lifted:

  • April Group
  • Axa
  • BNP Paribas
  • CIC
  • CNP Assurances
  • Crédit Agricole
  • Euler Hermès
  • Natixis
  • Scor
  • Société Générale.

The AMF recalls that, with regard to equity securities, a net short position disclosure regime has been implemented since 1 February, 2011.

The AMF further highlights that pursuant to French regulation, any investor must be in a position to deliver the securities he has sold within 3 trading days (T+3).

Press release



© AMF - Autorité des Marchés Financiers


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