• New European Proposals on Short Selling
  • September 28, 2010
  • Law Firm: Shearman Sterling LLP - New York Office
  • On 15 September 2010 the European Commission published a legislative proposal for a Regulation on short selling and credit default swaps (the "Proposed Regulation"). Previously, there have been disparate, inconsistent, national measures for short selling across Europe. The Proposed Regulation seeks to create a harmonised framework for the disclosure of short positions. It also establishes harmonised rules for the imposition of emergency restrictions on short selling, with specific provisions on the shorting of sovereign obligations of EU Member States.