EUROPEAN UNION: ESMA publishes list of shares exempted from EU Regulation No 2362012 on short selling

Tuesday August 4 2015

The Regulation (EU) No 236/2012 of the European Parliament and of the Council of 14 March on short selling and certain aspects of credit default swaps (the Regulation) requires the relevant competent authorities to identify share having their principal trading venue located in a third country.

Further to provisions of Article 16(2) of the Regulation, ESMA publishes 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 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 will be published between 4pm and 5pm CET and shall be effective the next day.

A revised list was published by ESMA on 27 July 2015.

Click on the above link for further details.