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 short selling if it believes the practice is undermining financial stability, but the UK has argued that this authority is disruptive, calling it a restraint on trade. “We’ve consistently…