The Austrian Financial Market Authority FMA has extended its temporary prohibition on naked short selling in the cash market of shares of Erste Group Bank AG, Raiffeisen International Bank-Holding AG, UNIQA Versicherungen AG and WIENER STDTISCHE Versicherung AG Vienna Insurance Group by regulation.
FMA takes such measure basing on international developments and in accordance with Article 48d par. 12 of the Brsegesetz (Stock Exchange Act). Only short-term naked short sale positions taken by market makers or specialists within the scope of their contractual obligations are exempt from the prohibition. The decision enters into force on 29 November 2008 and is valid until 30 January 2009.
L.D.