The Alternative Investment Management Association (“AIMA”), FIA European Principal Traders Association (“FIA EPTA”), Managed Funds Association (“MFA”) and the World Federation of Exchanges (“WFE”) issued a letter to express our concern that current restrictions on short selling are hurting markets, disadvantaging investors and undermining the longer-term goal of building a Capital Markets Union. We collectively believe that now is the time for responsible policy making, recognising that the analytical data indisputably show that short selling restrictions have not been effective in delivering greater market stability; indeed, the opposite is true. We call on authorities that have imposed short-selling restrictions to lift those restrictions and enable the market to function in a way that best serves the needs of investors.
