IOSCO Publishes Principles for the Effective Regulation of Short Selling
The International Organization of Securities Commissions' (IOSCO) Technical Committee has published a final report entitled Regulation of Short Selling which contains high level principles for the effective regulation of short selling. The Technical Committee recommends that effective regulation of short selling comprises the following four principles : a) short selling should be subject to appropriate controls to reduce or minimize the potential risks that could affect the orderly and efficient functioning and stability of financial markets. b) short selling should be subject to a reporting regime that provides timely information to the market or to market authorities. c) short selling should be subject to an effective compliance and enforcement system. d) short selling regulation should allow appropriate exceptions for certain types of transactions for efficient market functioning and development .
Dow Jones Indexes and The Federation Of Euro-Asian Stock Exchanges Launch Regional Indexes
Dow Jones Indexes, a leading global index provider, and the Federation of Euro-Asian Stock Exchanges (FEAS) launched the Dow Jones FEAS Indexes. This is the first time indexes are created to measure the performance of companies across the Euro-Asian region. The three indexes that have been launched are a composite, and two regional sub-indexes. The Dow Jones FEAS Indexes are designed to underlie index-linked investment products such as funds and structured products.
Dow Jones FEAS Composite Index currently includes component stocks of 10 of the 32 member states of the Federation of Euro-Asian Stock Exchanges. The exchanges included are ِ Amman Stock Exchange, Abu Dhabi, Bahrain, Muscat, Bulgaria, Istanbul and Karachi.