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Date Ref. Title Section Type Download Info Summary Related Documents Translated versions
27/01/2021 ESMA35-43-2507 Report to the EU institutions Article 52 MiFIR Report PDF
354.1 KB
15/01/2021 ESMA50-164-772 Links to the national websites explaining the procedures for notifications of net short positions Reference PDF
166.56 KB
13/01/2021 ESMA35-43-2509 Reminder to firms of the MiFID II rules on ‘reverse solicitation’ in the context of the recent end of the UK transition period , Statement PDF
151.2 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 Reference PDF
256.69 KB
08/01/2021 ESMA22-106-2952 Summary of Conclusions Management Board Meeting 13 October 2020 Summary of Conclusions PDF
97.46 KB
04/01/2021 ESMA50-164-770 Links to national websites where net short positions in shares are disclosed Reference PDF
96.07 KB
04/01/2021 SSR sanctions Administrative measures and sanctions applicable in Member States to infringements of the Short Selling Regulation (SSR) Reference PDF
371.24 KB
22/12/2020 ESMA35-43-349 Q&As on MiFID II and MiFIR investor protection topics , Q&A PDF
651.6 KB
21/12/2020 Market makers - XLS Market makers and authorised primary dealers who are using the exemption under the SSR- XLS 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 Reference PDF
456.01 KB
17/12/2020 106/20/COL ESA Third Renewal Decision under Art. 28(1) SSR , , Decision PDF
973.25 KB
17/12/2020 ESMA70 -155-11608 Decision renewal art. 28 SSR reporting threshold- December 2020 , , Decision PDF
246.27 KB
09/12/2020 Overview recruitments Overview recruitments- Updated December 2020 , Reference PDF
783.89 KB
02/12/2020 ESMA22-103-1194 Keynote address – CMU and current challenges- Verena Ross, International Investors Conference Frankfurt , , , , Speech PDF
155.85 KB
18/11/2020 Net short thresholds Net short position notification thresholds for sovereign issuers Reference XLSX
27.27 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.

09/11/2020 ESMA22-106-2883 Summary of Conclusions Management Board meeting 17 September 2020 Summary of Conclusions PDF
124.02 KB
03/11/2020 ESMA33-128-760 Securitisations designated as STS as from 01/01/2019 Regulation 2402/2017 Reference XLSX
97.5 KB
23/10/2020 ESMA31-62-1193 List of prospectus thresholds , , Reference PDF
220.58 KB
21/10/2020 ESMA71-99-1421 Retail investors and asset management are the pillars of a successful Capital Markets Union , , Speech PDF
170.21 KB
05/10/2020 ESMA33-128-1001_ Final Report_Guidelines on Portability of Information between Securitisation Repositories Report PDF
279.02 KB

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