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France, Belgium, Spain, and Italy introduce short selling restrictions

  • Orrick Herrington & Sutcliffe LLP
  • -
  • Belgium, France, Italy, Spain
  • -
  • August 15 2011

On August 11, the national financial regulators of France, Belgium, Spain, and Italy introduced temporary restrictions on short selling of stock

France, Italy, and Spain extend short selling restrictions

  • Orrick Herrington & Sutcliffe LLP
  • -
  • France, Italy, Spain
  • -
  • August 29 2011

On August 25, the national financial regulators of France, Italy, and Spain extended restrictions on short selling stock introduced on August 11. France's restrictions have been extended to November 11 while Italy and Spain have extended their restrictions to September 30. The ban enacted by Belgium's financial regulator on August 11 continues to remain in effect indefinitely. France Release. Italy Release. Spain Release. Belgium Release

Proposed treasury regulations implementing the Foreign Account Tax Compliance Act ("FATCA")

  • Orrick Herrington & Sutcliffe LLP
  • -
  • France, Germany, Italy, Spain, United Kingdom, USA
  • -
  • February 10 2012

On February 8, 2012, the IRS announced the release of proposed regulations for the next phase of implementing FATCA, which targets noncompliance by U.S. taxpayers using foreign accounts