The Council gave its approval today to ground-breaking legislation aimed at unifying a myriad of short sale rules across the 27-nation bloc of the European Union (EU). The Regulation of the European Parliament and of the Council on Short Selling and Certain Aspects of Credit Default Swaps (CDS) is expected to be published in the Official Journal shortly and will enter into force on the following day. The Regulation will apply from 1 November 2012 and shall be binding and directly applicable in all Member States.
To view our briefing discussing the main aspects of the Regulation, please click here.
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