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International Law
: Australian Regulatory Compliance ReviewCovered short selling ban extended
ASIC has announced that the ban on covered short selling of financial securities will remain in place until Friday, 6 March 2009.
Covered short selling of non-financial securities is unaffected and will still be permitted.
ASIC requires strict compliance with the ban on naked short selling as outlined in RG196.
Full post as published by Australian Regulatory Compliance Review on January 21, 2009 (boomark / email).
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