Alerts
European Regulators Suspend Short-Selling Bans
18 May 2020
In a coordinated action, the financial regulators of Austria, Belgium, France, Greece, Italy and Spain have announced that their short-selling bans will expire at the end of the day (local time) on 18 May 2020. The bans will not be renewed on the grounds that the market conditions justifying the bans are no longer present.
The lower initial threshold of 0.1% for reporting net short positions announced by ESMA as a temporary emergency measure in March 2020 remains in effect.
Authored by Anna Maleva-Otto and Brian T. Daly.
If you have any questions concerning this Alert, please contact your attorney at Schulte Roth & Zabel or one of the authors.
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