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Norway to allow short selling of financial stocks

Source: Reuters - Mon 28th Sep 2009

Norway's financial supervisory authority said on Monday it would no longer consider short selling of shares in financial institutions a breach of securities law.

"The market situation has changed and is now of such a nature that trading short in the shares and primary capital certificates in question is no longer considered on a general basis to contravene with the Securities Trading Act" it said in a statement.

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