Japan extends short selling rules
27 April 2011 Tokyo
Image: Shutterstock The Japanese FSA has extended the temporary measures regarding restrictions on short selling and purchase of own stocks by listed companies
The rules that prohibit short selling at prices no higher than the latest market price, as well as those requiring exchanges to make daily announcements on their aggregate price of short selling regarding all securities and aggregate price of short selling by sector were put in place in October 2008. Naked short selling was banned at the same time.
But over the past year, the rules have gradually been relaxed and were due to expire at the end of April. However, the FSA has decided to extend the restrictions until the end of the month.
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