GREECE: HCMC imposes a temporary short selling ban on the Athens Exchange and the Alternative Market of the Athens Exchange

Tuesday June 30 2015

The Hellenic Capital Market Commission (HCMC) during its 716th Board of Directors meeting has decided to impose a temporary prohibition of transactions in any financial instrument which would create a short position of the shares admitted to trading on the Athens Exchange and the Multilateral Trading Facility of ‘EN.A’ (Alternative Market of the Athens Exchange).

The above ban is due to a legislative act providing for a bank holiday in Greece from the 28 June until 6 July 2015 and the consecutive decision to close down, for the same period, the stock and bond markets.

The temporary position is imposed in accordance with Art 20 of the Regulation (EU) No 236/2012 of the European Parliament and of the Council of 14 March 2012 on short selling (OJ L 861, 2012).

The measure shall apply for a period of seven days and shall be in force as of 00:00:01 hours (CET) on 30 June 2015 until 24:00:00 (CET) on 6 July 2015.

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