Lift of the ban on establishing or increasing short positions on Spanish financial stocks

The CNMV has agreed on 15 February 2012 to lift, with effect on 16 February 2012, the preventive ban on establishing or increasing short positions on Spanish Financial Stocks, that agreed on 11 August 2011 and renewed on 25 August 2011 and 28 September 2011, based on article 85.2 j of Law 24/1988, of 28th July, on Securities Markets.

Please note that the short positions disclosure obligations and the prohibition of naked short selling still remain in force.

CNMV's announcement on Lift of the Short Selling Ban