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.
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