On November 1, 2012, the provisions of Regulation (EU) No 236/2012 of the European Parliament and the Council of 14 March 2012 on short selling and certain aspects of credit default swaps came into effect. The regulation bans uncovered short positions in European Union (EU) sovereign debt through credit default swaps (CDS) and requires that net short positions be privately notified to the relevant national regulator and, at higher levels, be publicly disclosed.[..]