The French financial market regulator, the Autorité des marchés financiers (AMF) has modified its general rules to introduce a complete transparency regime for short sales in shares admitted to trading on regulated markets or MTFs. This amendment will come into force on 1 February 2011. The steps taken by the AFM on 19 September 2008, aiming to prohibit short sales in a defined list of financial instruments will cease to be applicable from that date. This new measure anticipates the future transparency regime which will come into force in 2012 through the European short selling regulation. Please see our briefings on the draft EC short selling regulation and short selling regulations in France.