GERMANY: BaFin Short Selling Ban

Monday February 18 2019

On 18 February 2019, BaFin issued a General Administrative Act prohibiting with immediate effect the establishment of net short positions in shares of Wirecard AG (DE0007472060) and increases in existing net short positions.

This General Administrative Act applies until 18 April 2019, 12.00 midnight CET. The General Administrative Act is based on Article 20 of EU Regulation No 236/2012 (EU Short Selling Regulation). ESMA has issued a positive opinion on BaFin’s measure.

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