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Legal Update

The European Court’s dismissal of the UK’s challenge to the short selling regulation

February 2014
Mayer Brown Legal Update
On 22 January 2014 the Court of Justice of the EU, in a controversial but not unanticipated decision, dismissed the UK’s challenge to the powers conferred on the European Securities and Markets Authority in the short selling regulation and handed down a judgment that could encourage the EU to transfer further powers to EU bodies and limit the oversight of these bodies.
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