MFA and AIMA Submit Letter to ESMA on Short Selling Measures

The MFA and AIMA have submitted a joint comment letter to ESMA regarding the emergency short selling bans adopted by Member States. In the letter, MFA and AIMA offer suggestions that would facilitate the efficacy of, and investor compliance with, such bans (although both trade associations oppose the imposition of such bans). The letter further asserts that communication could be improved to the benefit of all parties with regards to the scope of the emergency measures, the use of the concepts, definitions, and guidance already agreed upon and harmonized under the Short Selling Regulation, and providing additional time for market participants to prepare ahead of the imposition of emergency measures.

Click here to view letter in full (links externally to MFA website).