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Date Ref. Title Section Type Download Info Summary Related Documents Translated versions
03/03/2021 ESMA32-51-818 Letter to the EC on next steps following Wirecard Corporate Disclosure, Guidelines and Technical standards, Supervisory convergence, Transparency Letter PDF
277.21 KB
05/02/2021 ESMA71-102-173 ESMA Q&As- list of questions currently under development Supervisory convergence Reference XLSX
116.38 KB
04/02/2021 ESMA63-43-1728 ESMA Budget Amendment n.4 for 2020 Planning reporting budget Reference PDF
200.78 KB
15/01/2021 ESMA50-164-772 Links to the national websites explaining the procedures for notifications of net short positions Short Selling Reference PDF
166.56 KB
08/01/2021 ESMA35-43-1410 Contact points of national supervisory authorities for communication in the MiFID II framework on supervisory cooperation, authorisation, acquisitions and passporting MiFID - Investor Protection Reference PDF
256.69 KB
04/01/2021 ESMA50-164-770 Links to national websites where net short positions in shares are disclosed Short Selling Reference PDF
107.62 KB
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
371.24 KB
04/01/2021 EU-UKFCA MoU EU-UK FCA MoU on consultation, cooperation and exchange of information Brexit, International cooperation Reference PDF
219.12 KB
04/01/2021 ESMA-UKFCA MoU ESMA-UK FCA MoU on consultation, cooperation and exchange of information Brexit, International cooperation Reference PDF
195.27 KB
21/12/2020 Market makers - XLS Market makers and authorised primary dealers who are using the exemption under the SSR- XLS Short Selling Reference XLSX
40.79 KB
21/12/2020 Market makers - pdf Market makers and authorised primary dealers who are using the exemption under the SSR- PDF Short Selling Reference PDF
456.01 KB
26/11/2020 ESMA74-362-991 Response Form CP DRSP Fees Post Trading, Supervisory convergence, Trading Reference DOCX
760.67 KB
26/11/2020 ESMA74-362-991 Reponse form CP DRSP Criteria for Derogation Supervisory convergence, Trading Reference DOCX
761.38 KB
18/11/2020 Net short thresholds Net short position notification thresholds for sovereign issuers Short Selling Reference XLSX
25.54 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.
12/10/2020 ESMA22-105-1230 Annex to Opening Statement for ECON Hearing 12 October 2020 Board of Supervisors, Brexit, Corporate Information, COVID-19, Speeches Reference PDF
350.51 KB
07/10/2020 ESMA63-43-1728 ESMA Budget Amendment n.3 for 2020 Planning reporting budget Reference PDF
241.4 KB
25/09/2020 ESMA02-91-3007 Final Accounts of the European Securities and Markets Authority Financial Year 2019 Corporate Information, Planning reporting budget Reference PDF
747.17 KB
13/07/2020 ESMA63-43-1653 ESMA Budget Amendment n.2 for 2020 Planning reporting budget Reference PDF
381.57 KB
19/06/2020 ESMA63-43-1590 ESMA Budget Amendment n.1 for 2020 Planning reporting budget Reference PDF
330.08 KB
05/06/2020 ESMA42-111-4966 ESMA Peer Review Methodology Supervisory convergence Reference PDF
291.81 KB

This document replaces the previous version of the Peer Review Methodology

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