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Date Ref. Title Section Type Download Info Summary Related Documents Translated versions
10/08/2022 ESMA35-42-1305 ESCPR- Miscellaneous reporting to ESMA Crowdfunding, MiFID - Investor Protection Reference PDF
376.52 KB
10/08/2022 ESMA70-452-447 Opinion CMVM revised AMP Market Abuse, Market Integrity Opinion PDF
125.92 KB
04/08/2022 Net short thresholds Net short position notification thresholds for sovereign issuers Short Selling 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.
29/07/2022 ESMA70-449-672 Call for Evidence on pre-hedging Market Abuse, Market Integrity Reference PDF
245.25 KB
29/07/2022 ESMA70-449-674 Response form call for evidence pre-hedging Market Abuse, Market Integrity Reference DOCX
752.93 KB
20/07/2022 SSR sanctions Administrative measures and sanctions applicable in Member States to infringements of the Short Selling Regulation (SSR) Short Selling Reference PDF
372.65 KB
20/07/2022 ESMA34-43-392 Q&A on the application of the UCITS Directive Fund Management Q&A PDF
767.22 KB
20/07/2022 ESMA34-32-352 Q&A on the Application of the AIFMD Fund Management, Supervisory convergence Q&A PDF
707.65 KB
11/07/2022 ESMA70-460-117 Response Form- Consultation Paper on guidelines on standard forms, formats and templates to apply for permission to operate a DLT market infrastructure Innovation and Products, MiFID - Secondary Markets Reference DOCX
752.81 KB
11/07/2022 ESMA70-460-34 Consultation Paper on Guidelines on standard forms, formats and templates to apply for permission to operate a DLT market infrastructure Innovation and Products, MiFID - Secondary Markets Consultation Paper PDF
998.27 KB
08/07/2022 JC 2022 32 Mandate of the European Supervisory Authorities’ Joint Committee Sub-Committee on Digital Operational Resilience Innovation and Products, Joint Committee Reference PDF
586.3 KB
08/07/2022 ESMA34-463-941 Report on Penalties and measures imposed under the AIFMD in 2021 Fund Management Report PDF
793.12 KB
08/07/2022 ESMA34-45-1647 Report on Penalties and measures imposed under the UCITS Directive in 2021 Fund Management Report PDF
449.54 KB
08/07/2022 Market makers - XLS Market makers and authorised primary dealers who are using the exemption under the SSR- XLS Short Selling Reference XLSX
41.05 KB
08/07/2022 Market makers - pdf Market makers and authorised primary dealers who are using the exemption under the SSR- PDF Short Selling Reference PDF
443.4 KB
05/07/2022 ESMA34-46-101 Register of authorised European long-term investment funds (ELTIFs) Fund Management Reference XLSX
57.87 KB
30/06/2022 ESMA22-106-4013 Letter from ESMA Chair to EC- Prioritisation of 2022 ESMA deliverables Corporate Information, Market Abuse, Market Integrity, MiFID - Secondary Markets, Post Trading, Trading Letter PDF
136.79 KB
29/06/2022 ESMA34-45-1576 Cross-border distribution of investment funds Fund Management Reference PDF
991.03 KB
23/06/2022 ESMA34-32-418 AIFMD MoUs signed by the EU authorities Fund Management, International cooperation Reference XLSX
49.99 KB
23/06/2022 ESMA70-145-111 Q&A on the Market Abuse Regulation Market Abuse, Market Integrity Q&A PDF
470.97 KB

The purpose of this document is to promote common supervisory approaches and practices in the application of MAR and its implementing measures. It does this by providing responses to questions posed by the general public and competent authorities in relation to the practical application of the MAR framework

The content of this document is aimed at competent authorities to ensure that in their supervisory activities and their actions are converging along the lines of the responses adopted by ESMA and at helping issuers, investors and other market participants by providing clarity on the content of the market abuse rules, rather than creating an extra layer of requirements.

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