As of November 1, the European Securities and Markets Authority (ESMA) will enforce a ban on naked short-selling of shares and sovereign debt, alongside stricter rules on transparency.
While most incoming regulation is subject to lengthy debate and editing before implementation, this particular mandate has been relatively swift. ESMA's initial consultation on the subject surfaced on January 24 of this year, leaving just a little over nine months for firms to respond.
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Anthony and James talk about how regulators in the US are falling behind other nations' regulators, the lack of talk about Reg AT, and an SRO for cryptocurrencies.Subscribe to Weekly Wrap emails