Publications

Updates Corporate 22-2012

07/23/2012
Commentaries

TEMPORARY SHORT-SALE BAN

On July 23, 2012, due to the extreme volatility of the European securities markets, the CNMV has agreed to ban, as a temporary preventive measure with immediate effect, any legal or natural person from entering into transactions which might constitute or increase a net short position on stocks admitted to trading in a Spanish regulated market for which the CNMV is the competent authority.

1. TERM OF THE PROHIBITION
2. TRANSACTIONS AFFECTED
3. TRANSACTIONS EXEMPTED
4. ADMINISTRATIVE SANCTION

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