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French, Spanish, Italian and Belgian regulators said the bans, which cover nearly 60 companies and were first introduced two weeks ago, were still necessary to calm excessive market volatility. Regulators on Thursday said they would review the restrictions next month. “The aim is to lift the ban as soon as market conditions allow it”, the Autorité des Marchés Financiers (AMF) said.
Thursday’s announcement also signalled an increasing willingness by regulators to work together under the umbrella of the European Securities and Markets Authority, the new pan-EU regulator. The rules, which have been tweaked over the past fortnight in response to investors’ questions, are now virtually identical across the jurisdictions in a sharp contrast to previous rule changes.
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