UK FSA Temporarily Restricts Short Selling on 4 Italian Stocks
February 27 2013 - 6:53AM
Dow Jones News
LONDON--The U.K. Financial Services Authority, or FSA, said
Wednesday it temporarily restricts short selling Banco Popolare,
Intesa, Mediolanum and Banca Carige Spa, following a significant
price movement, and in consultation with another Competent
Authority.
MAIN FACTS:
-Restriction doesn't extend to transactions undertaken by those
market makers who have notified the FSA of their intention to
employ the market maker exemption in this financial instrument.
-Exception only extends to those transactions that they are
undertaking as part of their market making activities.
-Write to Ian Walker at ian.walker@dowjones.com
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