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broker report, page-6

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    17/11/08
    11:24
    Post #: 4504495
    Tuesday 23 September 2008


    ASIC has this morning issued further clarification to market participants regarding the prohibition on short-selling to ensure that fair and ordinary markets continue. Following is a summary of announcements on Friday and Sunday and related clarifications.


    Summary of position


    Prohibition

    ASIC has prohibited naked and covered short selling of all securities, managed investment products and stapled securities quoted on licensed markets in Australia, subject to certain exceptions (see below). This prohibition came into effect on 19 and 22 September 2008.

    CNP Price at posting: 6.2¢ Sentiment: Hold Disclosure: Held
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