Austria Increases Short-Selling Ban

The Austrian Financial Market Authority has extended a ban on naked short-selling of financial companies’ shares.

The Austrian Financial Market Authority (FMA) has extended a ban on naked short-selling of financial companies’ shares, Reuters reports. The regulator has extended the temporary ban until the end of November this year.

The ban applies to the naked short selling of shares in Erste Group Bank, Raiffeisen Bank International, Vienna Group and Uniqa. The watchdog first imposed the ban in October 2008 and has extended it on numerous occasions.

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