Proposal for a Regulation of the European Parliament and of the Council on Short Selling and certain aspects of Credit Default Swaps - General approach

May 13, 2011

The European Council is expected to agree a general approach on a draft regulation on short selling and credit default swaps.

The draft regulation is intended to harmonise rules for short selling and certain aspects of credit default swaps and detail regulatory powers in situations where there is a serious threat to financial stability.

The adoption of this general approach will enable the presidency, on behalf of the Council, to start negotiations with the European Parliament.