ITALY: Consob Decides not to Extend Italy Short Selling Ban

Monday February 27 2012

The restrictive measure on net Italy short selling positions in Italy, which was adopted on August 12 last year and subsequently extended, expired on Friday 24 February.

Consob has decided not to further extend the prohibition of taking or increasing net short positions on shares in the financial sector. This decision is consistent with what has already been decided by other European authorities who had previously taken similar measures and takes into account current market conditions.

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