Go to content
Measure 27/01/14

AFM follows CONSOB’s short sell measure concerning Banco Popolare

The AFM announces that it has implemented a measure on the basis of Article 23 of the European Short Selling Regulation in order to temporarily prohibit short selling in shares Banco Popolare.

The AFM is implementing this measure because the price of Banco Popolare 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 27 January 2014 concerning Banco Popolare. 

  1. Scope

    a) Financial instrument(s) concerned: Banco Popolare (ISIN code: IT0004231566)
    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: 27 January 2014
    Duration: until the end of 28 January 2014

Contact for this article

AFM

Would you like to receive the latest news from AFM?

Subscribe to our newsletter, we will keep you up-to-date.

Read more