Legal News

Coronavirus (COVID-19)—ESMA renews short selling notification requirement

Published on: 11 June 2020
Published by LNB News

LNB News 11/06/2020

Document Information

Issue Date: 11 June 2020

Published Date: 11 June 2020

Jurisdiction(s): United Kingdom

Article summary

The European Securities and Markets Authority (ESMA) has renewed its decision to temporarily require the holders of net short positions in shares traded on an EU regulated market to notify the relevant national competent authority (NCA) if the position exceeds 0.1% of the issued share capital. This temporary notification measure applies from 17 June 2020 for a period of three months. It applies to any natural or legal person, irrespective of their country of residence. However, it does not apply to shares admitted to trading on a regulated market where the principal venue for the trading of the shares is located in a third country, market making or stabilisation activities.

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