FRANCE: France short selling ban remains in place

Thursday September 29 2011

Further to the update of 26 August in relation to the France short selling ban, in close coordination with the European regulators concerned and under the aegis of ESMA, the AMF has been assessing both market conditions and the impact of the measures restricting net short positions on ten French securities of the financial sector as decided in August 2011.In the context of this assessment, regulators which had adopted comparable measures until 30 September, decided to extend their respective ban, while the AMF considered that the conditions for lifting the restriction were not met. As a consequence, the AMFs Decision of 11 August remains in force until 11 November.In the meantime, the AMF will continue to closely monitor, in coordination with the European regulators concerned, the markets and their developments. It may decide to lift the ban if market conditions allow it.Click on the above link for more details.

Update of 26 August – http://www.markets.funds-axis.com/newsArticle.asp?type=2&id=2128