Keywords
proportionalitv
Colombia
Short sales
capital market
proportionality
naked short selling
market making
shares and sovereign debt
How to Cite
Abstract
This article aims at an analysis of the state of the legal question of the
feasibility of short sales in the European capital market, in the case
of shares and sovereign debt as one of the elements of the Regulation
(EU) No. 236/2012.This Regulation constitutes a major legal element in
realizing the functionality and efficiency of the European capital market
to guarantee a high level of protection for consumers and investors. Its
contribution to the development of the market is not only to restrict the
operations of short selling, but also derogate from its definition and establish exemptions to the restricting rules to the benefit of the liquidity
of the markets of the Union.
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