Supplementary Regulations to the Regulation on Short Selling and CDS Published

Two supplementary regulations to the regulation on short selling and credit default swaps have been published in the Official Journal of the European Union. The regulations have entered into force today and will apply from November 1, 2012 (except for certain excluded provisions).

The published regulations cover a number of issues, including:

• the content of notifications and disclosures of net short positions and the means for making such notifications and disclosures;
• the method for calculating turnover to determine the principal trading venue of a share; and
• agreements, arrangements and measures to adequately ensure availability for settlement.

The regulations can be found here and here. See also arelated news item, dated Sept. 17, and the comments therein on the scope of EU jurisdiction.