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EU Short Selling Regulations: Difference between revisions
EU Short Selling Regulations (view source)
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====Press Release==== | ====Press Release==== | ||
The [[European Commission]] has today set out the detailed rules aimed at reducing the risk of settlement failures linked to naked [[short selling]], as well as the means by which market participants should disclose significant short positions to the market. The technical standards adopted today by the Commission are based on the work of the [[European Securities and Markets Authority]] ('''{{tag|ESMA}}'''). They notably specify the details of the so-called "'''[[locate]] rule''' | The [[European Commission]] has today set out the detailed rules aimed at reducing the risk of settlement failures linked to naked [[short selling]], as well as the means by which market participants should disclose significant short positions to the market. The technical standards adopted today by the Commission are based on the work of the [[European Securities and Markets Authority]] ('''{{tag|ESMA}}'''). They notably specify the details of the so-called "'''[[locate]] rule'''” which ensures that short sales do not result in a failure to deliver. | ||
The new rules also detail how [[ESMA]] is to determine the shares which are exempt from the Short Selling Regulation by virtue of their principal trading venue being outside the Union. Together with the Short Selling Regulation that they implement, the regulations adopted today will create a more transparent, orderly and stable market by reducing the risks tied to short selling. | The new rules also detail how [[ESMA]] is to determine the shares which are exempt from the Short Selling Regulation by virtue of their principal trading venue being outside the Union. Together with the Short Selling Regulation that they implement, the regulations adopted today will create a more transparent, orderly and stable market by reducing the risks tied to short selling. | ||