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|Date||Ref.||Title||Section||Type||Download||Info||Summary||Related Documents||Translated versions|
|04/01/2021||SSR sanctions||Administrative measures and sanctions applicable in Member States to infringements of the Short Selling Regulation (SSR)||Short Selling||Reference||PDF
|08/11/2021||Net short thresholds||Net short position notification thresholds for sovereign issuers||Short Selling||Reference||XLSX
According to Article 7(2) of the Short Selling Regulation, ESMA has to publish a list of the thresholds applicable to the sovereign issuers for the purpose of the notification to competent authorities of significant net short position in sovereign debt.
The way these notification thresholds are defined is further specified in the Commission Delegated Regulation No 918/2012 (the “DR”). The DR specifies that initial threshold categories shall be:
The additional incremental levels shall be set at 50% of the initial thresholds. The reporting thresholds shall be monetary amounts fixed by applying the percentage thresholds to the outstanding sovereign debt of the sovereign issuer. They will be revised and updated quarterly to reflect changes in the total amount of outstanding sovereign debt of each sovereign issuer.
In addition, the DR states that the amount of outstanding debt should be calculated using a duration adjusted approach. ESMA has published a Q&A document on how to proceed for the duration adjustment.
The table of thresholds contains the name of the sovereign issuer, the amount of outstanding debt duration adjusted, the initial threshold amount and the relevant percentage, the incremental threshold amount and the relevant percentage.
Please note that the figures of the amount of outstanding debt are duration adjusted (not nominal amounts) and are approximations provided by competent authorities.
|24/09/2021||Market makers - XLS||Market makers and authorised primary dealers who are using the exemption under the SSR- XLS||Short Selling||Reference||XLSX
|11/08/2021||Market makers - pdf||Market makers and authorised primary dealers who are using the exemption under the SSR- PDF||Short Selling||Reference||PDF
|17/05/2021||JC 2021 31 PR||Press Release_ESAs’ report on the implementation and functioning of the securitisation regulation||Joint Committee, Securitisation||Press Release||PDF
|17/05/2021||JC 2021 31||JC Report on the implementation and functioning of the Securitisation Regulation||Joint Committee, Securitisation||Report||PDF
|26/03/2021||JC 2021 19||Joint Committee Q&As relating to the Securitisation Regulation||Securitisation||Q&A||PDF
|26/03/2021||JC 2021 16||ESAs’ Opinion to the European Commission on the Jurisdictional Scope of Application of the SECR||Joint Committee, Securitisation||Opinion||PDF
|07/12/2020||JC 2020 86||ESAs highlight the change in the status of Simple, Transparent and Standardised (STS) securitisation transactions at the end of the UK transition period||Brexit, Joint Committee||Statement||PDF
|23/05/2018||JC 2018 14 reply form||Reply form- Consultation Paper Securitisation/Emir clearing obligation||Post Trading, Securitisation||Reference||DOCX
|18/12/2018||fisma.01/РР/ rv/ (2018) 6771757||European Commission letter to ESMA on draft RTS and ITS securitisation disclosures||Securitisation||Letter||PDF
On Friday 14 December 2018, the European Securities and Markets Authority (ESMA) received a letter from the European Commission regarding the draft regulatory and implementing technical standards on securitisation disclosures submitted by ESMA on 22 August 2018.
The letter states that the Commission intends to endorse those draft regulatory and implementing technical standards only once certain amendments are introduced.
|04/01/2021||EU-UKFCA MoU||EU-UK FCA MoU on consultation, cooperation and exchange of information||Brexit, International cooperation||Reference||PDF
|31/01/2020||ESMA90-368-186||ESMA- Brexit Update 31 January 2020||Brexit||Statement||PDF
|28/03/2019||ESMA90-1-83||Brexit Update March 2019||Brexit, Credit Rating Agencies, MiFID - Secondary Markets, MiFID II: Transparency Calculations and DVC, Post Trading, Trade Repositories||Statement||PDF
|07/10/2019||ESMA90-1-167||Update on the UK’s withdrawal from the European Union- preparations for a possible no-deal Brexit scenario on 31 October 2019||Benchmarks, Brexit, MiFID - Secondary Markets, MiFID II: Transparency Calculations and DVC||Statement||PDF
|12/10/2021||ESMA82-402-683||Final Report on STS notification for synthetic securitisations||Securitisation||Final Report||PDF
|27/05/2021||ESMA82-402-200||Consultation Paper on draft TS on content and format of the STS notification for on-balance sheet securitisations||Securitisation||Consultation Paper||PDF
|09/03/2020||ESMA80-199-332||ESMA Supervision- Annual Report 2019 and Work Programme 2020||Benchmarks, Credit Rating Agencies, Securities Financing Transactions, Securitisation, Trade Repositories||Annual Report||PDF
|24/03/2021||ESMA80 -187-881||BMR Brexit Statement updated||Benchmarks, Brexit||Statement||PDF