AFM follows CONSOB’s short sell measure concerning Banca Popolare di Milano

The AFM is implementing this measure because the price of Banca Popolare di Milano decreased significantly on a trading platform in a single trading day when compared with the closing price of the previous trading day.

This was done pursuant to the announcement of CONSOB dated 14 April 2014 concerning Banca Popolare di Milano. 

• Announcement on website CONSOB concerning measure 

1. Scope
   a) Financial instrument(s) concerned:
   Banca Popolare di Milano (BPM) (ISIN code: IT0000064482)
   b) Trading venue concerned: NYSE Arca Europe
   
   
2. Nature of the emergency measure
   Short sale prohibition
   Who is concerned: every natural person and legal entity. 
   
   
3. Reasons for the measure
   Following CONSOB’s short sell measure. 
   
   
4. Exemptions to the measure
   Marketing activities, as determined in Article 2(1)(k) of the Short Selling Regulation.
   
   
5. Entering into force of the measure and duration
   Date: 14 April 2014
   Duration: until the end of 15 April 2014