MADRID — Spain’s stock market regulator CNVM on Monday banned transactions with Spanish shares involving the creation and increase in net short positions at least until April 17 following a steep dive in the market amid the coronaviarus epidemic.
The prohibition covers short-selling even when such deals are covered by a securities loan, the CNVM said.
“The measure will enter into force tomorrow, the 17th of March, before the trading session begins and until the 17th of April, after the trading session is closed. It can be extended for additional periods not exceeding 3 months if the current circumstances persist,” it said in a statement. (Reporting by Andrei Khalip)