On 26 May 2010, the Committee of European Securities Regulators (“CESR”) published technical details in respect of its proposed model (the “Model”) for a pan-European short selling disclosure regime (the “Second Report”).1 These details follow and should be read in conjunction with the publication of an earlier CESR report and feedback statement that set out proposals for the Model on 2 March 2010 (the “First Report”).2
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