Prohibition of short selling on shares of credit institutions

The Hellenic Capital Market Commission (HCMC) has decided the extension of the short selling prohibition, only concerning shares of credit institutions listed on ATHEX, which comprise the FTSE/Athex Banking Index. The short selling prohibition is applicable until April 30, 2013. The positive opinion of ESMA has been issued, as provided in the Short Selling Regulation. The HCMC Decision is available here. As clarified by the HCMC, the former flagging and uptick rules are no longer applicable regarding all other (non banking) shares whereby short selling is permitted.

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