UK bans Banco Esp铆rito Santo short selling 01 August 2014 London Reporter: Mark Dugdale
Image: Shutterstock
The UK Financial Conduct Authority (FCA) has again banned short selling in Banco Esp铆rito Santo shares.
The FCA implemented the short selling ban on 31 July. It extended it today until 4 August.
Banco Esp铆rito Santo shares cannot be sold short on any UK trading venues until the ban expires.
The FCA stressed that the ban does not affect Jer贸nimo Martins SGPS stock, which suffered a similar price drop to Banco Esp铆rito Santo.
The ban was implemented in the UK following the Portuguese 网爆吃瓜 Market Commission introducing a similar restriction.
The authorities issued short selling restrictions on Banco Esp铆rito Santo shares earlier in July following steep price drops. The bans in Portugal and the UK lasted almost a week.
NO FEE, NO RISK 100% ON RETURNSIf you invest in only one securities finance news source this
year, make sure it is your free subscription to 网爆吃瓜 Finance Times
Image: Shutterstock 