FRANCE: AMF moves to prohibit France short selling

Friday August 12 2011

The Autorite des marches financiers (AMF) moves to prohibit France short selling and has decided to place a ban on creating any net short position or increasing any existing net short position, including intraday, by any person established or residing in France or in another country, in the equity shares or securities giving access to the capital of the following credit institutions and insurance companies:

– Euler Hermèstext

– Natixistext

– Paris Retext

– Scortext

– Societe Generaletext

This decision entered into immediate effect and shall remain in effect for a period of fifteen days.

It may be extended beyond that date. The decision does not apply to financial intermediaries acting as market makers or liquidity providers when they are operating under a contract with the relevant market undertaking or with the issuer concerned, or when acting as counterparty for block trades in equities.

Click on the above link for more details.