Categories:Banking / Finance,Sovereign Wealth
Short selling and credit default swaps — new EU rules enter into force on 1 November 2012
A new EU Regulation focuses on shares admitted to trading on a trading venue in the EU and the sovereign debt of the EU Member States. It bans naked short sales of shares and sovereign debt in the EU, imposes a general ban on uncovered sovereign credit default swaps and requires that certain net short positions are privately notified to the relevant national regulator and, at higher levels, are publically disclosed.
Click on the link above to download briefing.
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