##  [Updates Corporate 22-2012](/pt/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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 This publication is provided for information purposes only and does not constitute legal advice or advice of any other kind. It does not seek to offer a comprehensive summary of the legislation and developments to which it refers nor to cover all published material, but rather to provide an overview of selected topics. It is therefore recommended that the official texts be consulted and specific professional advice be sought. Garrigues does not accept any liability for the use made of this information and assumes no obligation to update it after publication.



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