Thursday February 16 2017

News Source: Global Disclosures

Focus: Short Selling

Type: General

Country: Greece




The Hellenic Capital Market Commission (HCMC) has imposed fines totalling €154,000 upon six foreign investment funds for short selling shares of Eurobank Ergasias SA.

The specific entities and the corresponding fines imposed are as below:

  • CAPEVIEW AZRI 2X FUND, € 42,500
  • CAPEVIEW AZRI FUND LTD, € 34,500
  • CROWN CAPEVIEW SEGRAGATED PORTFOLIO, € 24,000
  • CAPEVIEW GFS-MAP TRUST, € 21,000
  • HIGHMARK LONG SHORT EQUITY 6, € 17,500
  • CROWN MANAGED ACCOUNTS SPC € 14,500

The above fines were issued for breaches of Article 12 of Regulation 236/2012, of the European Parliament and of the Council on short selling and certain aspects of credit default, which provides the specific conditions upon which a natural or legal person may enter a short sale of a share admitted to trading on a trading venue.

Please follow the link at the top of the page to view the announcement (Greek)