UK Cannot Opt Out Of Possible EU Short-Selling Ban
The UK does not have the right to opt out of EU regulations that could ban short selling during a financial crisis, according to the EU’s Court of Justice. The court found that the regulations were in line with existing EU law and the case was dismissed “in its entirety,” reports the BBC reports.
The law, passed in 2012, gives the European Securities and Markets Authority (ESMA) the authority to ban exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here
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