Latest adjustment
Paris, 18 August 2011
The AMF adjusts its position regarding the rolling forward of net short positions taken before the
publication of its Decision of 11 August 2011
Given the existing practical difficulties and time constraints, the AMF has adjusted the position it had
established before todayâs press release with regard to the implementation of the ban on the taking of net
short positions in relation to pre-existing positions built through expiring derivatives. As a result thereof, the
AMF admits that investors holding a net short position in relation to one of the securities concerned
through expiring derivatives are allowed to roll forward their position, even if such a rolling results in the
creation of a net short position with a further expiry date, provided that the net short position so created
does not exceed the one held previously.
Point 3 of the Frequently Asked Questions as published on the AMF website was adjusted accordingly.
http://www.amf-france.org/documents/general/10117_1.pdf
FAQ
http://www.amf-france.org/documents/general/10111_1.pdf
Paris, 18 August 2011
The AMF adjusts its position regarding the rolling forward of net short positions taken before the
publication of its Decision of 11 August 2011
Given the existing practical difficulties and time constraints, the AMF has adjusted the position it had
established before todayâs press release with regard to the implementation of the ban on the taking of net
short positions in relation to pre-existing positions built through expiring derivatives. As a result thereof, the
AMF admits that investors holding a net short position in relation to one of the securities concerned
through expiring derivatives are allowed to roll forward their position, even if such a rolling results in the
creation of a net short position with a further expiry date, provided that the net short position so created
does not exceed the one held previously.
Point 3 of the Frequently Asked Questions as published on the AMF website was adjusted accordingly.
http://www.amf-france.org/documents/general/10117_1.pdf
FAQ
http://www.amf-france.org/documents/general/10111_1.pdf