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Date Ref. Title Section Type Download Info Summary Related Documents Translated versions
16/08/2022 Market makers - XLS Market makers and authorised primary dealers who are using the exemption under the SSR- XLS Reference XLSX
40.1 KB
16/08/2022 Market makers - pdf Market makers and authorised primary dealers who are using the exemption under the SSR- PDF Reference PDF
481.8 KB
10/08/2022 ESMA ED Calendar 2022 calendar of the Executive Director of ESMA Reference PDF
138.1 KB
04/08/2022 Net short thresholds Net short position notification thresholds for sovereign issuers Reference XLSX
26.41 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.

20/07/2022 SSR sanctions Administrative measures and sanctions applicable in Member States to infringements of the Short Selling Regulation (SSR) Reference PDF
372.65 KB
18/07/2022 ESMA Chair calendar 2022 Calendar of the Chair of ESMA Reference PDF
205.51 KB
15/07/2022 ESMA40-134-2458 Conflict of interests and ethics policy- ESMA staff , Reference PDF
3.5 MB
11/07/2022 ESMA22-440-249 ESMA Staff Stakeholder contacts in the second quarter 2022 Reference PDF
120.47 KB
01/07/2022 ESMA31-67-535 Practical Guide on notifications of major holdings under the Transparency Directive , , Reference PDF
1 MB
01/07/2022 ESMA41-140-79 Technical standards , Reference XLSX
173.59 KB
28/06/2022 ESMA22-106-3829 Overview of planned consultation papers 2022 Reference PDF
81.37 KB
28/06/2022 ESMA02-91-3297 ESMA Final Accounts Financial Year 2021 , , , Reference PDF
803.28 KB
01/06/2022 ESMA50-164-770 Links to national websites where net short positions in shares are disclosed Reference PDF
97.14 KB
29/04/2022 ESMA42-646012687-331 ESMA Guidelines , Reference XLSX
66.09 KB
11/04/2022 ESMA22-440-241 ESMA Staff Stakeholder contacts in the first quarter 2022 Reference PDF
122.1 KB
24/03/2022 ESMA41-356-274 Public notice on REGIS TR, S.A. , Reference PDF
183.48 KB
09/03/2022 ESMA90-1-163 Multilateral Memorandum of Understanding on Cooperation for Information Sharing Regarding Participants in a Clearing or Settlement System , Reference PDF
630.61 KB
15/02/2022 ESMA32-384-5357 Annex- Response to EC targeted consultation on the Listing Act , , Reference PDF
836.77 KB
10/01/2022 ESMA22-440-234 ESMA Staff Stakeholder contacts in the fourth quarter 2021 Reference PDF
103.14 KB
07/01/2022 ESMA Chair calendar 2021 Calendar of the Chair of ESMA Reference PDF
125.5 KB

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