Regulatory Alerts2011-08-27
Agreement of 25 August 2011 of the National Securities Market Commission regarding short positions on Spanish financial sector shares
The Spanish National Securities Market Commission (CNMV) has extended the provisional prohibition on establishing or increasing short positions on Spanish financial sector shares until September 30, 2011. This extension maintains the restrictions originally imposed on August 11, 2011, in response to continued high volatility and instability in European financial markets. Non-compliance with these precautionary measures is classified as a very serious offense under the Securities Market Law.
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