The European Court of Justice (ECJ) today has dismissed the UK’s challenge to the Short-Selling Regulation (SSR). The UK was challenging the power of ESMA to adopt emergency measures under the SSR, which in their view went against general EU principles. The ECJ rejected the plea finding that the SSR and the powers given to ESMA are compatible with EU law. Both ESMA and the European Commission welcomed the ECJ’s ruling.
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ESMA: European Court Of Justice Rejects UK Challenge To Short-Selling Regulation
Date 22/01/2014