On 8 July 2009, the Committee of European Securities Regulators (CESR) published a consultation paper on its proposal for a pan-European short selling disclosure regime.
After a significant number of CESR members took emergency measures to restrict short selling in financial instruments due to turbulent market conditions in the fall of 2008, as a first step, CESR developed a list which provided an overview of the situation across Europe, updating it when members made changes in their short selling measures. In addition, CESR also considered it appropriate to launch a policy review, with the aim of formulating pan-European standards for short selling.
The deadline for comments on the consultation paper is 30 September 2009.
View CESR proposal for a pan-European short selling disclosure regime, 8 July 2009