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Date Ref. Title Section Type Download Info Summary Related Documents Translated versions
27/05/2022 ESMA41-140-79 Technical standards , Reference XLSX
166.13 KB
20/05/2022 ESMA65-8-6560 Technical Reporting Instructions- CSDR Article 9- Internalised Settlement Reporting Reference PDF
1.75 MB
20/05/2022 ESMA65-8-7109 Technical Reporting Instructions CSDR Article 7 – Settlement Fails Reporting Reference PDF
1018.94 KB
19/05/2022 Market makers - XLS Market makers and authorised primary dealers who are using the exemption under the SSR- XLS Reference XLSX
40.34 KB
19/05/2022 Market makers - pdf Market makers and authorised primary dealers who are using the exemption under the SSR- PDF Reference PDF
449.2 KB
18/05/2022 ESMA50-165-2096 Leverage and derivatives – the case of Archegos , Reference PDF
264.1 KB
13/05/2022 Net short thresholds Net short position notification thresholds for sovereign issuers Reference XLSX
26.5 KB

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:
1.0.1% applicable where the total amount of outstanding issued sovereign debt is between 0 and 500 billion euros;
2.0.5% applicable where the total amount of outstanding issued sovereign debt is above 500 billion euros or where there is a liquid futures market for the particular sovereign debt.

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.

12/05/2022 ESMA WP-2022-02 ESMA working paper on Financial stability risks from cloud outsourcing Reference PDF
746.79 KB
12/05/2022 ESMA70-151-887 CSDR List of relevant authorities- Article 12 Reference PDF
301.23 KB
11/05/2022 ESMA ED Calendar 2022 calendar of the Executive Director of ESMA Reference PDF
114.06 KB
11/05/2022 ESMA22-106-3829 Overview of planned consultation papers 2022 Reference PDF
36.86 KB
02/05/2022 ESMA70-155-11635 CSD Register Reference PDF
1.19 MB
29/04/2022 ESMA42-646012687-331 ESMA Guidelines , Reference XLSX
66.09 KB
25/04/2022 ESMA70-151-2218 Public Register for the Clearing Obligation under EMIR Reference PDF
678.85 KB
11/04/2022 ESMA22-440-241 ESMA Staff Stakeholder contacts in the first quarter 2022 Reference PDF
122.1 KB
11/04/2022 ESMA70-447-1897 CSDR Settlement Fails Reporting- List of SSS IDs and SSS Names Reference XLSX
31.1 KB
28/03/2022 ESMA41-387-154 Rules of procedure on mediation Reference PDF
234.94 KB
28/03/2022 ESMA 50-165-2078 Fund performance during market stress – The Corona experience , Reference PDF
387.61 KB
25/03/2022 ESMA70-152-348 List of third-country CCPs recognised to offer services and activities in the Union Reference PDF
425.53 KB
24/03/2022 ESMA41-356-274 Public notice on REGIS TR, S.A. , Reference PDF
183.48 KB

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