Italy extends the deadline for temporary measures on short selling

25 August 2011

Consob, acting in close cooperation with the other European regulators (Belgium, France, Spain and Greece), has decided, by Resolution no 17911, to extend the deadline of its August 12 resolution restricting the possibility of taking net short position on certain shares, until September.

In line with that decision, Consob has also extended to October 14, 2011 the deadline of its resolution no 17862 of July 10, 2011 containing rules on reporting net short position on shares to Consob. Consob will continuously monitor the markets and their evolutions. If market conditions allow and upon consultation with the above-mentioned regulators, Consob will assess whether the lifting of the temporary ban can be considered (or if any further action is required).

In such a case, Consob will endeavour to follow a common approach together with the above-mentioned regulators pursuant to an exit strategy commonly agreed. This assessment is to take place in the course of September.

Press release

© Consob - Commissione Nazionale per le Società e la Borsa