On December 7, the European Securities and Markets Authority (ESMA) published an opinion agreeing with the Greek regulator, the Hellenic Capital Markets Commission (HCMC), that the ban on short selling shares in five Greek banks should be extended until midnight on December 21. The ban, previously discussed in the Corporate and Financial Weekly Digest edition of October 2, was originally set to expire on November 9 and had been extended until December 7.
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HCMC
New Greek Ban on Shorting Shares of Five Greek Banks
By Neil Robson on
Posted in EU Developments
On September 30, the Greek national financial regulator, the Hellenic Capital Markets Commission (HCMC), announced that is has imposed an extended ban on the short-selling of Greek bank shares––by any persons anywhere in the world––as a means of stabilizing their share prices.
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ESMA Confirms Renewal of Short Selling Ban by Greek HCMC and Market Making Exemption
By Carolyn H. Jackson on
On August 3, the European Securities and Markets Authority (ESMA) issued an official opinion (Opinion), agreeing to renew for a further four weeks the emergency short selling prohibition originally imposed by the Hellenic Capital Market Commission (HCMC) on June 29.
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