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Norway not included when short sale regulations in EU take effect 1 November 2012

November 2012 - EU & Competition. Legal Developments by Kluge Advokatfirma DA.

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From 1 November 2012 EU Regulation 236/2012 on short selling and certain aspects of credit default swaps will come into effect. Although the Regulation is within the scope of the EEA Agreement, Norway has not implemented the EU Regulation. Based on unofficial information from the Norwegian authorities, we expect the implementation process to be delayed until at least late 2013. Meanwhile, existing rules on short sale in Norway will continue to apply for transactions performed on the Norwegian market. 

Newsletter_1november_2012


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