In line with other international regulators, the Austrian Financial Market Authority FMA issued a regulation, entering into force on 18 September 2009, which extends until 28 February 2010 the temporary ban on naked short selling in the cash market of shares in Erste Group Bank AG, Raiffeisen International Bank-Holding AG, UNIQA Versicherungen AG and VIENNA INSURANCE GROUP Wiener Städtische Versicherung AG. 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.
For further information please contact
Klaus Grubelnik (FMA Media Spokesperson)
+43/(0)1/24959-5106
+43/(0676)/882 49 516