France will unveil new rules on net short positions of stocks to act in accordance with future European regulations on short-selling, The Wall Street Journal reports. French investors will hold the net short position, banned by the Authorité des Marchés Financiers (AMF) in September 2008, on the shares of 15 companies.
The investors will be required to inform the AMF within one day when they have short positions equivalent to 0.2%, 0.3%, 0.4% and 0.5% of a company’s shares as per the new rules. The AMF will make public the net short positions of more than 0.5% and every increase of 0.1 percentage point above that threshold. The shares included in those rules are from firms including Crédit Agricole, BNP Paribas, Société Générale and AXA.
Click here for the story from The Wall Street Journal.