With reference to the amendments of Ordinance 16 on the conditions and procedures for the execution of margin purchases, short sales and lending of financial instruments, the Bulgarian Stock Exchange AD-Sofia has directed the investment community’s attention to the fact that all issues of shares admitted for trading on a regulated market are now allowed to be executed as short sales. The current version of Ordinance 16 only sets limits to shares that may serve as collateral for margin purchases and short sales, in contrast to the previous regulations which also stated that shares must meet certain requirements to be eligible for short selling.
Impact on investors: The amended regulations for margin purchases, short selling and lending of financial instruments allow all exchange-traded shares to qualify for short selling.
Related Newsflashes: Newsflash BULGARIA – Amended Regulations for Margin Purchases, Short Selling and Lending of Financial Instruments