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Temporary Prohibition of Short Selling

Released 07:29 02-Oct-2018

RNS Number : 6587C
Financial Conduct Authority
02 October 2018


02 October 2018

The Financial Conduct Authority ("FCA") notifies that it temporarily prohibits short selling in the following instrument 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


a)  Astaldi  (ISIN: IT0003261069)

b)  all UK trading venues on which the instrument is 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: 02 October 2018 

b)  Time: immediately

c)  Duration: Until  11.59 PM on 02 October 2018

Reasons for imposing measure and evidence:

Following the action taken by CONSOB in the instrument above, 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 instrument 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.





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Temporary Prohibition of Short Selling - RNS