GREECE: HCMC extend Greece short selling ban to 25 July

Monday January 30 2012

Further to the update of 9 December, the Hellenic Capital Markets Commission, in consultation with the other competent authorities that have adopted similar measures, under the coordination of ESMA, has decided today to extend the Greece short selling prohibition until 25 July 2012.

The HCMC has reached its decision after taking into account current market conditions, as well as the impact of the Greece short selling prohibition, which is in force since 8 August 2011. The HCMC will continue to work closely with said authorities, monitoring market developments that may require new regulatory action, including the eventual lifting of the Greece short selling prohibition.

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