Measures implemented at national & EU level in regulated markets due to the COVID-19 pandemic

On March 17th 2020, the Hellenic Capital Market Commission (“HCMC”) decided to prohibit short sales and transactions other than short sales which create or increase the net short positions in shares admitted to trading on the regulated market of the Athens Exchange, irrespective of the venue where the transaction is executed, subject to certain exceptions. The temporary prohibition includes sales of shares covered by subsequent intraday purchases. The measure is also applicable to all related instruments relevant for the calculation of the net short position determined in Annex I, part 1, articles 5 and 6 of Commission Delegated Regulation EU 918/2012.