Short Sale Restrictions/Order Marking Requirements – Benin
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Benin
We provided legal assistance to a US fund manager client regarding short sale restrictions and order marking requirements under applicable laws and regulations in Benin for over-the-counter trading of bonds issued by governmental or corporate entities. Specifically, we advised on requirements to borrow bonds before selling them and to notify counterparties, exchanges, or regulators of short sales, and whether these requirements change based on the counterparty's location.