Esma puts new leash on shorting in response to coronavirus

The European Securities and Markets Authority (Esma) has issued a decision temporarily requiring the holders of net short positions in shares traded on a European Union regulated market to notify the relevant national competent authority (NCA) if the position reaches or exceeds 0.1% of the issued share capital. The decision comes as stock markets globally have been further hit by fears of uncertainty sparked by the coronavirus and associated Covid-19 disease. Markets have continued to fall despite the announcement yesterday, 15 March, that the Federal Reserve and other central banks are ...