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.
broker report, page-6
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