The Autorité des marchés financiers (AMF), French capital market regulator under New Press Release , the provisions prohibiting any creation of a net short position and increase of an existing one in relation to French equity securities of the financial sector (as listed below) came to an end on Saturday 11 February 2012.
As a consequence thereof, the prohibition of short sales regarding equity securities and securities giving access to the share capital of the following credit institutions and insurance companies is lifted:
- April Group
- Axa
- BNP Paribas
- CIC
- CNP Assurances
- Crédit Agricole
- Euler Hermès
- Natixis
- Scor
- Société Générale
The AMF recalls that, with regard to equity securities, a net short position disclosure regime has been implemented since 1 February 2011. The AMF further highlights that pursuant to French regulation, any investor must be in a position to deliver the securities he has sold within 3 trading days (T+3).
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