ITALY: CONSOB announces Italy short selling ban in Banca Popolare di Milano scarl

Monday April 14 2014

The Italian securities regulator CONSOB has announced that it has introduced a prohibition on short selling in BPM shares (ISIN code: IT0000064482) on the MTA, a regulated market organised and managed by Borsa Italiana S.p.A., under Article 23 of the EU Short Selling Regulation, taking effect from 13.15 CET of April 14, 2014 to the end of the trading day of April 15, 2014.

The prohibition does not apply to the activity of market making, as defined by Article 2(1)(k) of the aforementioned Regulation.

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