Tuesday October 30 2012

News Source: Global Disclosures

Focus: Short Selling

Type: Correspondence with Regulators

Country: Austria




The Austrian Financial Market Authority has responded to an enquiry regarding the applicability of domestic measures after entry into force of EU Short Selling Regulation. The Austrian Regulator sent the following response:

“on 1st November 2012 EU Reg. No. 236/2012 enters into force and all but one Austrian national short selling regulations will not be in place anymore. The only regulation which will be in place beside the European Regulation is the following:

http://www.fma.gv.at/en/about-the-fma/media/press-releases/press-releases-detail/article/fma-schnuert-massnahmenpaket-zur-unterbindung-marktmissbraeuchlichen-short-sellings-die-gesetzlic.html

At the moment this national regulation will be parallel in place till 30th June 2013.