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+Article 12 1. |
Article 12 1.A natural or legal person may enter into a short sale of a share admitted to trading on a trading venue only where one of the following conditions is fulfilled:
(a)
the natural or legal person has borrowed the share or has made alternative provisions resulting in a similar legal effect;
(b)
the natural or legal person has entered into an agreement to borrow the share or has another absolutely enforceable claim under contract or property law to be transferred ownership of a corresponding number of securities of the same class so that settlement can be effected when it is due;
(c)
the natural or legal person has an arrangement with a third party under which that third party has confirmed that the share has been located and has taken measures vis-à-vis third parties necessary for the natural or legal person to have a reasonable expectation that settlement can be effected when it is due. 1. Áttekintés
1.1 Hivatkozások1.2 Azonosított követelmények1.3 Kapcsolódó szabványok2. Azonosított követelmények
3. Kapcsolódó szabványok
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