Italy Orders Short-Sale Disclosures After Market Falls
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Italy’s market regulator moved to curb short selling after the country’s benchmark stock index fell the most in almost five months and bonds tumbled on investor concern the nation may be the next crisis victim.
Consob ordered yesterday that short sellers must reveal their positions when they reach 0.2 percent or more of a company’s capital and then make new filings for each additional 0.1 percent. The measure takes effect today and runs through Sept. 9. The FTSE Italia All-Share Financials Index fell 0.8 percent as of 9:50 a.m. to the lowest in at least two years.