The Hellenic Capital Market Commission (HCMC), during its 722 /27.07.2015 Board of Directors meeting, further to the relevant Opinion issued by ESMA on the same day, and in view of the recent developments in the banking and the wider economic sector in Greece and especially the Legislative Act 84 / 18.07.2015, according to which, despite the lifting of the bank holiday, a decision by the Minister of Finance is required in order to waive the relevant restrictions on the transfer of funds relating to transactions in financial instruments listed on the Athens Exchange, has decided to extend the temporary prohibition of transactions in any financial instrument which would create a short position of the shares admitted to trading on the Athens Exchange and the Multilateral Trading Facility of “EN.A” (Alternative Market of the Athens Exchange) for which the relative Competent Authority is the HCMC.
The temporary prohibition is imposed in accordance with Article 20 of the Regulation (EU) No 236/2012 of the European Parliament and of the Council of 14 March 2012 on short selling and certain aspects of credit default swaps (OJ L 86/1, 2012).
The measure shall apply for a period of seven (7) days and shall be in force as of 00:00:01 hours (CET) on the 28th of July 2015 until 24:00:00 (CET) of the 3rd of August 2015.
