BELGIUM: FSMA publishes new FAQs on Belgium short selling

Friday August 26 2011

Further to the update of 12 August, the FSMA has published a new version of the FAQs concerning the ban on Belgium short selling of financials listed in Belgium and related instruments. 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 list of Frequently Asked Questions can be found on the FSMA website.

Upon consultation with the other European regulators, the FSMA will assess the opportunity to lift the temporary ban on covered Belgium short selling. The aim is to lift the ban as soon as market conditions allow it and, to the extent possible, in a coordinated way.

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