Short Selling Regulation: ESMA Call for Evidence

more+
less-
more+
less-

On February 12, the European Securities and Markets Authority (ESMA) published a call for evidence in order to evaluate the effects of the Short Selling Regulation. The call for evidence was published in response to the European Commission’s request for technical advice, issued in December 2012.

The call for evidence is focused on the six main areas of the Short Selling Regulation:

  • Requirements relating to transparency and reporting.
  • Restrictions on the short selling of sovereign debt and shares.
  • Restrictions on entering uncovered sovereign credit default swaps.
  • Settlement discipline, including buy-in procedures.
  • Exemptions.
  • Intervention powers and emergency measures.

The deadline for responses to the call for evidence is March 15, 2013.

 

Topics:  Call for Evidence, ESMA, EU, Short Sales

Published In: Finance & Banking Updates, International Trade Updates, Securities Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Orrick - Structured Finance Group | Attorney Advertising

Don't miss a thing! Build a custom news brief:

Read fresh new writing on compliance, cybersecurity, Dodd-Frank, whistleblowers, social media, hiring & firing, patent reform, the NLRB, Obamacare, the SEC…

…or whatever matters the most to you. Follow authors, firms, and topics on JD Supra.

Create your news brief now - it's free and easy »