The Australian Securities and Investments Commission (Asic) lifted its ban on covered short-selling on May 25, just over seven months after it was originally imposed.
Asic said in a statement that "the balance between market efficiency and potential systemic concern has now moved in favour of the ban being lifted". Nonetheless, the regulator warned that it would not hesitate to re-impose the ban if necessary.
Asic will continue to require dealers to report gross short sales to the Australian Sec
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