Temporary prohibition of short selling: Credito Valtellinese sc, Telecom Italia spa

The Financial Conduct Authority (“FCA”) notifies that it temporarily prohibits short selling in the following instruments under Articles 23 (1) of Regulation (EU) No 236/2012 of the European Parliament and of the Council of 14 March 2012. This follows a decision made by another EU Competent Authority.

Details of the Financial Instruments concerned:

Credito Valtellinese sc shares  (ISIN: IT0000064516).

This measure is effective from 00:00 AM on 07 July 2016 until the end of trading day on 07 June 2016.

For further information please see our RNS.

Telecom Italia spa shares (ISIN: IT0003497168).

This measure is effective from 00:00 AM on 07 July 2016 until the end of trading day on 07 July 2016.

For further information please see our RNS.

 

The Financial Conduct Authority (“FCA”) would like to draw the industry’s attention to the announcement by the Italian Commissione Nazionale per le Società e la Borsa (CONSOB) today which restricts transactions under Article 20 (2) (b) of Regulation (EU) No 236/2012 of the European Parliament and of the Council of 14 March 2012.

This applies to transactions in the following shares as well as to all related instruments relevant for the calculation of the net short position.

Banca Monte dei Paschi di Siena (ISIN: IT0005092165)

This measure is effective from immediately until the end of trading on the 5th October 2016.
The exact scope of this measure is specified in the statement issued by CONSOB.