EUROPE: Commission launches public consultation on EU short selling

Tuesday June 15 2010

The European Commission has published its Public Consultation on EU Short Selling. The purpose of the public document is to consult market participants, governments, regulators and other stakeholders on possible provisions to be considered in a forthcoming Commission proposal for stand-alone legislation dealing with potential risks arising from short selling. There are three broad policy options discussed: rules to increase transparency related to short sales, rules to reduce risks of uncovered short selling, and emergency powers for competent authorities to impose temporary short selling restrictions. The consultation is open until 10 July 2010.

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