35As the Advocate General pointed out in paragraph 61 of her Opinion, enforced sales of securities are very far from any normal situation of trading in securities, whether on a regulated market or in some other circumstances. Those securities are not, in the context of enforced sales, sold by the issuer or holder but have been confiscated and are being sold at the behest of a third party and by order of the judicial authority of the Member State concerned, solely in order to satisfy a debt.
Source: EUR-Lex, © European Union, 1998-2026. Reuse authorised under Decision 2011/833/EU.