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|Date||Ref.||Title||Section||Type||Download||Info||Summary||Related Documents||Translated versions|
|24/08/2007||VDP||VDP response||CESR Archive||Reference||PDF
|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
|24/08/2007||SP||S&P response||CESR Archive||Reference||PDF
|23/03/2001||ResolutionStockholm||Stockholm Resolution||CESR Archive||Reference||PDF
|Resolution of the European Council on more effective securities market regulation in the European Union Stockholm, 23 March 2001|
|24/08/2007||NVB-CRA||NVB response||CESR Archive||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.
|24/08/2007||MIS||Moody's response||CESR Archive||Reference||PDF
|13/04/2010||MARKT G3/SH/cr Ares (2009)||Commission request for additional information from CESR in relation to the review of MiFID||CESR Archive||Reference||PDF
|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
|24/08/2007||M&G-CRA||M&G response||CESR Archive||Reference||PDF
|15/02/2001||Lamfalussy Report||Lamfalussy Report||CESR Archive||Reference||PDF
|The final report by the Committee of Wise Men establishing CESR|
|24/08/2007||JP MORGAN-CRA||JP MORGAN response||CESR Archive||Reference||PDF
|26/03/2021||JC 2021 19||Joint Committee Q&As relating to the Securitisation Regulation||Securitisation||Q&A||PDF
|23/05/2018||JC 2018 14 reply form||Reply form- Consultation Paper Securitisation/Emir clearing obligation||Post Trading, Securitisation||Reference||DOCX
|07/02/2005||Japan Equivalence||Japanese response to questionnaire on GAAP Equivalence||CESR Archive||Reference||PDF
|07/02/2005||Japan Enforcement||Japanese response to the questionnaire on GAAP Enforcement||CESR Archive||Reference||PDF
|24/08/2007||FITCH||Fitch Ratings: Response to questionnaire||CESR Archive||Reference||PDF
|04/01/2021||EU-UKFCA MoU||EU-UK FCA MoU on consultation, cooperation and exchange of information||Brexit, International cooperation||Reference||PDF