Consob adopts a temporary ban on short selling in CREDITO VALTELLINESE shares - The ban shall apply for the entire trading day of Monday 20 November 2017
Consob decided to temporary prohibit short sales in CREDITO VALTELLINESE shares (ISIN code IT0005242026) with Resolution no. 20195 of 17 November 2017.
The ban shall apply for the entire trading day of Monday 20 November 2017.
The prohibition was adopted pursuant to Article 23 of the EU Regulation on short selling, considering the price change recorded by the share on 17 November 2017 (in excess of -20%).
The prohibition applies to short sales backed by stock lending. This extended the scope of the prohibition of naked short selling, already in force for all shares from 1st November 2012 by virtue of the EU Regulation on short selling.
On the website http://www.consob.it/web/consob-and-its-activities is available the text of the above-mentioned Resolution.