ESMA calls for adjustments to short-selling rules

The European Securities and Markets Authority says rules to limit abusive short selling have some benefits, including improving transparency of financial markets. "However, ESMA is advising the European Commission to consider adjusting a number of aspects in the regulation that do not alter its main elements," ESMA Chairman Steven Maijoor said. The regulator notes that 10 asset managers and investment firms dominate short-selling positions in the EU.

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