New draft law on margin lending

A new draft law was submitted to the Greek Parliament on 7 March 2013 titled “Investment tools for assisting economic development, margin lending and other provisions”. This draft law contains inter alia, provisions on margin lending by Greek investment firms and credit institutions, various amendments of the Greek takeover and transparency regulations, determination of the sanctions applicable for breaches of the Short Selling Regulation and introduction of various new vehicles for investing into the Greek market, containing significant tax and other provisions. The draft law is expected to be approved before the end of March 2013.

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