EUROPEAN UNION: ESMA issues official opinion agreeing to renewal of Greek short selling ban

Tuesday July 7 2015

The European Securities and Markets Authority (ESMA) has issued its official opinion agreeing to a renewal, for a period of seven days, of the emergency short selling prohibition originally imposed by the Hellenic Capital Market Commission (HCMC) under the Short Selling Regulation on Monday 29 June.

ESMA considers that adverse developments which constitute a serious threat to market confidence in the Greek market still persist and that the proposed measure is appropriate and proportionate to address the above mentioned threats.

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