REG - Financial Conduct - Temporary Prohibition of Short Selling

Assicurazioni Generali SpAAnnouncement

17/03/2020 08:05

RNS Number : 3725G
  
Financial Conduct Authority
  
17 March 2020
  
 

NOTICE OF TEMPORARY PROHIBITION OF SHORT SELLING
17 March 2020
The Financial Conduct Authority ("FCA") notifies that it temporarily prohibits short selling in the following instruments and transactions under Articles 23 (1) and 26 (4) of Regulation (EU) No 236/2012 of the European Parliament and of the Council of 14 March 2012.
Nature of measure:
a)  short sale prohibition for shares
Scope: 
a)  Please see Annex 1 below for the instruments concerned  
b)  all UK trading venues on which the instruments are traded
c)  any person irrespective of their country of residence (subject to the exemption below)
Entry into force of the measure and duration:
a)  Date: 17 March 2020 
b)  Time: immediately
c)  Duration: Until the end of the trading day on 17 March 2020
Reasons for imposing measure and evidence:
Following the action taken by CONSOB in the instruments below, the FCA is satisfied that it is necessary to take the action set out in this notice to assist CONSOB, taking into account:
a)  a similar price fall in the instruments on UK trading venues
b)  the volume of trading in the UK
 
Exemptions to the measure:
This measure does not extend to transactions undertaken by market makers who have notified the FCA of their intention to employ the market maker exemption in this financial instrument and who are included on the list maintained by ESMA of market makers permitted to use the exemption. This exception only extends to those transactions that market makers undertake as part of their market making activities.
Annex 1
·      Azimut Holding (ISIN: IT0003261697)
·      Telecom Italia (ISIN: IT0003497168)
·      Unicredit (ISIN: IT0005239360)
·      Exor (ISIN: NL0012059018)
·      Fiat Chrysler Automobiles (ISIN: NL0010877643)
·      Banca Generali (ISIN: IT0001031084)
·      Leonardo (ISIN: IT0003856405)
·      Ubi Banca (ISIN: IT0003487029)
·      Mediobanca (ISIN: IT0000062957)
·      Fiera Milano (ISIN: IT0003365613)
·      Sanlorenzo (ISIN: IT0003549422)
·      Banca Mediolanum (ISIN: IT0004776628)
·      Dovalue (ISIN: IT0001044996)
·      Cerved Group (ISIN: IT0005010423)
·      OVS (ISIN: IT0005043507)
·      Maire Tecnimont (ISIN: IT0004931058)
·      Marr (ISIN: IT0003428445)
·      Autogrill (ISIN: IT0001137345)
·      Banca Monte Paschi Siena (ISIN: IT0005218752)
·      ASTM (ISIN: IT0000084027)
 


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