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The Hellenic Capital Market Commission (HCMC), during its 1/721 /20.07.2015 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 wider economic sector in Greece and especially the Legislative Act 84 / 18.07.2015, according to which, despite the lifting of bank holiday, there needs to be a decision by the Minister of Finance in order to lift the ban on transfers of funds to acquire financial instruments and restart transactions on the Hellenic Stock 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) of which the relative Competent Authority is 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 days and shall be in force as of 00:00:01 hours (CET) on the 21st of July 2015 until 24:00:00 (CET) of the 27th of July 2015.
