AUTOREFRESH 
FSA: BaFin Ban Not Applicable On Branches Outside Germany
LONDON (MNI) – The Financial Services Authority (FSA) said
Wednesday that the decision of the German regulator BaFin to ban naked
short-selling of eurozone government bonds would not apply outside of
Germany.
In a statement to Market News, the FSA said it had noted the ban on
naked short-selling from the German regulator, adding it will assist
“where appropriate.”
However, The FSA was quick to add that the ban was not applicable
to German institutions in, or business conducted through, London.
“The scope of these bans relates to German participants or business
taking place inside Germany. However, it does not cover branches of
German institutions outside Germany or in the UK,” a spokesperson for
the FSA said.
–London Bureau; Tel: +44207 862 7499; email: ukeditorial@marketnews.com
[TOPICS: MFBBU$,M$B$$$,M$$BE$,MMBBE$,MT$$$$]
FSA: BaFin Ban Not Applicable On Branches Outside Germany
LONDON (MNI) – The Financial Services Authority (FSA) said
Wednesday that the decision of the German regulator BaFin to ban naked
short-selling of eurozone government bonds would not apply outside of
Germany.
In a statement to Market News, the FSA said it had noted the ban on
naked short-selling from the German regulator, adding it will assist
“where appropriate.”
However, The FSA was quick to add that the ban was not applicable
to German institutions in, or business conducted through, London.
“The scope of these bans relates to German participants or business
taking place inside Germany. However, it does not cover branches of
German institutions outside Germany or in the UK,” a spokesperson for
the FSA said.
–London Bureau; Tel: +44207 862 7499; email: ukeditorial@marketnews.com
[TOPICS: MFBBU$,M$B$$$,M$$BE$,MMBBE$,MT$$$$]
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