AUSTRIA: FMA extends Austria short selling measures

Thursday May 26 2011

Austria`s Financial Market Authority has extended the temporary prohibition on Austria naked short selling in the cash market of selected financial stocks. The prohibition of Austria short selling shares of Erste Group BankAG, Raiffeisen Bank International AG, UNIQA Versicherungen AG and VIENNA INSURANCE GROUP Wiener Stadtische Versicherung AG has been further extended by regulation to 30 November 2011. Only short-term naked short sale positions taken by market makers or specialists within the scope of their contractual obligations are exempt from the prohibition.

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