FRANCE: AMF update FAQs to include temporary France short selling ban

Friday August 19 2011

The AMF has updated its frequently asked questions on the temporary France short selling ban to permit the rolling forward of certain short positions.

The AMF admits that investors holding a net short position in relation to one of the securities concerned through expiring derivatives are allowed to roll forward their position, even if such a rolling results in the creation of a net short position with a further expiry date, provided that the net short position so created does not exceed the one held previously.

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