Euro Regulators Propose Short Sale Disclosure Rules

Law360, New York (July 8, 2009, 12:00 AM EDT) -- A pan-European group of financial market regulators has announced a plan that would require public disclosures of short positions in stocks, derivatives and cash markets, in a bid to stop what the regulators called potentially abusive short sales and establish a Europe-wide regulatory regime for short-selling.

The Committee of European Securities Regulators, which includes one regulator from each of the 27 European Union member states plus Iceland and Norway, said Monday that the plan was intended to maintain the benefits of short-selling — primarily price discovery...
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