FMA Extends Ban on Short Selling

Politics ♦ Published: May 29, 2012; 12:41 ♦ (Vindobona)

The Austrian Financial Marketn Authority extends the temporary ban on naked short selling of selected financial stocks.

FMA Extends Ban on Short Selling / Picture: © FMA Finanzmarktaufsicht

Austria’s Financial Market Authority FMA has extended the temporary ban, limited to 31 May 2012, on naked short selling in the cash market of shares of Erste Group Bank AG, Raiffeisen Bank International AG, Uniqa Versicherungen AG and Vienna Insurance Group AG Wiener Versicherung Gruppe by regulation for five months to 31 October 2012. This measure is based on Article 48d para. 12 of…