The European Commission has today published delegated acts for short selling in the Official Journal of the EU.
The publication follows the decision of the Council and European Parliament not to raise objection to the draft delegated act submitted by the European Commission.
Commissioner Barnier said: “I welcome the publication today of the delegated acts on short selling, which set out the detailed rules to apply the ban on naked sovereign credit default swaps agreed in the short Selling Regulation. These measures will ensure that sovereign CDS are used for legitimate hedging purposes only. The publication of the delegated acts adopted by the Commission gives legal certainty to market participants and regulators and will ensure that as of 1 November, the ban on naked sovereign CDS is applied in a uniform way.
(JDC)