##  [Updates Corporate 22-2012](/en_GB/new/updates-corporate-22-2012) 

# Updates Corporate 22-2012





07 / 23 / 2012

















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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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 ![Foto del socio](/sites/default/files/styles/medium/public/team/photo/Gonzalo_Garcia-Fuertes_Iglesias_en_20250711.jpg?itok=IL22D4NU)

[Gonzalo García-Fuertes](/en_GB/team/gonzalo-garcia-fuertes-iglesias)




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 ![](/sites/default/files/styles/medium/public/team/photo/10001081.jpg?itok=AN1HQhfj)

[Gonzalo Rivera ](/en_GB/team/gonzalo-rivera-gomez)




![](/themes/custom/garriguestheme/img/iconos/email-contacto.svg)[Contact](<mailto:gonzalo.rivera@garrigues.com >)

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 ![](/sites/default/files/styles/medium/public/team/photo/10011699.jpg?itok=FBe83oFx)

[Javier Ybañez](/en_GB/team/javier-ybanez-rubio)




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- +34 91 514 52 00
    
    [Madrid](https://www.garrigues.com/en_GB/office/madrid)
 










 

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