ESMA agrees with short-selling bans in Europe
April 18, 2020

The European Securities and Markets Authority (ESMA), the EU's securities markets regulator, has this week issued opinions agreeing to the renewal of the emergency restrictions on short selling and similar transactions by the Finanzmarktaufsicht (FMA) of Austria, the Financial Securities and Markets Authority (FSMA) of Belgium, the Autorité des Marchés Financiers (AMF) of France, the Hellenic Capital Market Commission (HCMC) of Greece and the Comisión Nacional del Mercado de Valores (CNMV) of Spain.

All five imposed restrictions in March 2020, expiring in April, and all five decided to renew. Following co-ordination by ESMA, the renewal process has been aligned and the renewal decisions will all be in place until May 18 with the possibility of a further renewal.

ESMA says it considers that the proposed measures are justified by current adverse events or developments which constitute a serious threat to market confidence and financial stability, and that they are appropriate and proportionate to address the existing threat to market confidence in those five markets.





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The European Securities and Markets Authority (ESMA), the EU's securities markets regulator, has this week issued opinions agreeing to the renewal of the emergency restrictions on short selling and similar transactions by the Finanzmarktaufsicht (FMA) of Austria, the Financial Securities and Markets Authority (FSMA) of Belgium, the Autorité des Marchés Financiers (AMF) of France, the Hellenic Capital Market Commission (HCMC) of Greece and the Comisión Nacional del Mercado de Valores (CNMV) of Spain.

All five imposed restrictions in March 2020, expiring in April, and all five decided to renew. Following co-ordination by ESMA, the renewal process has been aligned and the renewal decisions will all be in place until May 18 with the possibility of a further renewal.

ESMA says it considers that the proposed measures are justified by current adverse events or developments which constitute a serious threat to market confidence and financial stability, and that they are appropriate and proportionate to address the existing threat to market confidence in those five markets.



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