ESMA has agreed to an extension of the emergency short selling prohibition by the Hellenic Capital Market Commission (HCMC) from 7 December to 21 December. The measure temporarily prohibits short sales in any shares of five credit institutions admitted to trading on the Athens Exchange and the Multilateral Trading Facility of “EN.A” (Alternative Market of the Athens Exchange). It will also concern all depository receipts representing those shares. This ban includes sales which are covered with subsequent intraday purchases. ESMA considers that adverse developments which constitute a serious threat to market confidence in the Greek market still persist and that the proposed measure is appropriate and proportionate to address those threats.