EUROPE: ESMA publishes list of exempted shares for EU short selling

Thursday October 4 2012

Regulation (EU) No 236/2012 of the European Parliament and of the Council of 14 March on EU short selling and certain aspects of credit default swaps requires the relevant competent authorities to identify shares having their principal trading venue located in a third country. Further to provisions of Article 16(2) of the Regulation, ESMA has published the list of exempted shares to which provisions of Article 5, 6, 12 and 15 do not apply.

In accordance with Commission implementing Regulation (EU) No 827/2012 of 29 June 2012 (the implementing Regulation), this information, covering shares admitted to trading on a trading venues in the Union by the end of the previous calendar year, will be published before the first trading day of April every two years. They will be valid from 1 April for the next 24 months.

However the list will be updated on a case by case basis by the national competent authorities when required by Article 12(2) of the implementing Regulation. Any revised list shall be effective the next day after its publication.

Click on the above link for ESMA`s list of exempted shres under the Short Selling Regulation.