The FCA notified that it would temporarily restrict short selling under Article 23(1) of Regulation (EU) No 236/2012 of the EP and of the Council of 14 March 2012 on short selling and certain aspects of credit default swaps.
This measure is effective from 08:00am 4 July 2013 until 11:59pm 4 July, 2013.
This measure does not extend to transactions undertaken by market-makers who have notified the FCA of their intention to employ the market maker exemption in this financial instrument and who are included on the list maintained by ESMA of market makers permitted to use the exemption. This exception only extends to those transactions that market-makers undertake as part of their market making activities.
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© FCA - Financial Conduct Authority
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