Press Release: Advocate General’s Opinion in Case C-270/12. United Kingdom v Council & Parliament

Author (Corporate)
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Series Details No.101, 2013 (12.9.13)
Publication Date 12/09/2013
Content Type

Advocate General Jääskinen considers that Article 28 of the Short Selling Regulation should be annulled.

The emergency powers granted by that article to the European Securities and Markets Authority to intervene in the financial markets of Member States so as to regulate or prohibit short selling go beyond what could be legitimately adopted as a harmonising measure necessary for the establishment or functioning of the internal market.
Source Link Link to Main Source http://curia.europa.eu/jcms/upload/docs/application/pdf/2013-09/cp130101en.pdf
Related Links
ECJ: Press Release, No.7, 2014: Judgment in Case C-270/12 United Kingdom v Parliament and Council http://curia.europa.eu/jcms/upload/docs/application/pdf/2014-01/cp140007en.pdf
Blog: Open Europe, 22.01.14: ECJ rules against the UK in landmark short-selling case http://openeuropeblog.blogspot.co.uk/2014/01/ecj-rules-against-uk-in-landmark-short.html
BBC News, 22.01.14: EU court rebuffs UK legal challenge to short-selling law http://www.bbc.co.uk/news/business-25845291
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