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FMA extends temporary ban on naked short selling of selected financial stocks

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Austria’s Financial Market Authority FMA has extended the temporary ban, limited to 30 November 2011, on naked short selling in the cash market of shares of Erste Group Bank AG, Raiffeisen Bank International AG, UNIQA Versicherungen AG and VIENNA INSURANCE GROUP AG Wiener Versicherung Gruppe by regulation for another six months to 31 May 2012. This measure is based on Article 48d para. 12 of the Börsegesetz (Stock Exchange Act). The only exceptions to the ban are short-selling positions remaining uncovered for a short time that are traded by market makers or specialists as part of their contractual obligations.

Journalists may address further enquiries to:
Klaus Grubelnik (FMA Media Spokesperson)
+43/(0)676/882 49 516

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