ESMA · ESMA_QA_1944 Answer Published

Sovereign debt securities in foreign currency

Regulation
Short Selling Regulation (SSR) Regulation (EU) No 236/2012
Topic
Uncovered short sales
Submitted
2012-09-13
Answered
2012-09-13
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Question

Are foreign currency bonds of EU Member States also covered by the restrictions on uncovered short sales in sovereign debts?

Answer

[ESMA70-145-408 SSR Q&A, Q&A 10.7] Yes, the prohibition provision covers sovereign debt securities irrespective of the currency in which they are issued.
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This Q&A is published by European Securities and Markets Authority and is non-binding. It does not constitute legal advice. Updated weekly from official ESA sources.

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