EU Watchdog Extends Tougher Short-Selling Reporting Rules
Law360, London (June 12, 2020, 11:16 AM BST) -- Europe's financial markets regulator will extend tougher rules on short-selling that it introduced as the coronavirus crisis hit, in an effort to ensure financial stability in the bloc's markets as the pandemic begins to ease.
The European Securities and Markets Authority said Thursday it has renewed its March decision to temporarily put stricter reporting rules on traders taking short positions during the outbreak, which has shaken markets across the world.
"The COVID-19 pandemic continues to have serious adverse effects on the real economy in the EU, with any outlook for a future recovery remaining uncertain," the watchdog said. Financial markets have...
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