French Financial Markets Watchdog Response to the COVID-19 Market Crisis

3 April 2020
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Key takeaways:

  • The French Financial Markets Authority has taken measures and issued recommendations to restrain the negative effects of the Covid-19 pandemic.
  • Those measures and recommendations include:
    1. the ban of the creation or increase of any net short position on shares admitted to trading on French trading venues,
    2. providing for some flexibility regarding publication deadlines under the Transparency Directive,
    3. a reminder to issuers of their information obligations pursuant to the Market Abuse Regulation, and
    4. encouraging French issuers to take actions in respect of the organization of their annual shareholder meetings.