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Date Ref. Title Section Type Download Info Summary Related Documents Translated versions
18/01/2021 JC 2020 85 Annex to draft ITS on IGT and RC reporting templates for conglomerates Reference PDF
1.23 MB
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
12/01/2021 ESMA WP-2021-02 ESMA working paper on equity funds and derivatives , Reference PDF
673.7 KB
11/01/2021 ESMA WP-2021-01 ESMA working paper on funds and single-name CDS: Hedging or Trading? Reference PDF
591.74 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
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
14/12/2020 ESMA50-157-2413 Call for expressions of interest: Consultative Working Group for ESMA’s Financial Innovation Standing Committee Reference PDF
186.13 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.

05/11/2020 ESMA30-379-325 Response form- CP on TR Article 8 advice Reference DOCX
775.77 KB
23/10/2020 ESMA31-62-1193 List of prospectus thresholds , , Reference PDF
220.58 KB
09/10/2020 JC GL 2017 17 appendix 1 Compliance table- Joint Guidelines on the prudential assessment of acquisitions and increases of qualifying holdings in the financial sector Reference PDF
571.92 KB
07/10/2020 ESMA63-43-1728 ESMA Budget Amendment n.3 for 2020 Reference PDF
241.4 KB
02/10/2020 ESMA42-110-2314 Response to EC consultation on EU Green Bond Standard Reference PDF
97.71 KB
25/09/2020 ESMA02-91-3007 Final Accounts of the European Securities and Markets Authority Financial Year 2019 , Reference PDF
747.17 KB
15/07/2020 ESMA30-22-821 Response to EC consultation on a Renewed Sustainable Finance Strategy Reference PDF
883.58 KB
13/07/2020 ESMA63-43-1653 ESMA Budget Amendment n.2 for 2020 Reference PDF
381.57 KB

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