FINLAND: FIN-FSA update on Finland EU short selling implementation

Friday October 12 2012

FIN-FSA has published an English-language update on the upcoming EU Short Selling Regulation on Finland short selling. The Financial Supervisory Authority will publish any notified net short position that reaches, exceeds or falls below the threshold of 0.5% of the relevant company’s issued share capital on its website. Market makers and, regarding sovereign debt, primary dealers may seek an exception to certain provisions by notifying the competent authority at least 30 days in advance of their intention to apply the exception provided in the regulation. An exception permit notification is made using ESMA’s standard form.

Click on the above link for more details.