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Date Ref. Title Section Type Download Info Summary Related Documents Translated versions
22/06/2018 Market makers - pdf Market makers and authorised primary dealers who are using the exemption under the SSR- PDF Reference PDF
712.85 KB
22/06/2018 Market makers - XLS Market makers and authorised primary dealers who are using the exemption under the SSR- XLS Reference XLSX
49.86 KB
19/06/2018 ESMA20-95-916 Annual Report 2017 , Annual Report PDF
1.16 MB
12/06/2018 ESMA42-646012687-331 ESMA Guidelines , Reference PDF
570.08 KB
29/05/2018 ESMA70-145-408 Question and Answers (Q&A) on the Regulation on short selling and certain aspects of credit default swaps (SSR) Q&A PDF
1 MB
28/05/2018 ESMA50-164-770 Links to national websites where net short positions in shares are disclosed Reference PDF
140.82 KB
25/05/2018 ESMA31-67-535 Practical Guide on notifications of major holdings under the Transparency Directive , , Reference PDF
1.51 MB
04/05/2018 ESMA20-92-92 ESMA Staff Stakeholder contacts in the First Quarter 2018 Reference PDF
145.32 KB
03/05/2018 ESMA40-754485362-215 Conflict of interest and ethics policy- ESMA staff , Reference PDF
838.15 KB
30/04/2018 Net short thresholds Net short position notification thresholds for sovereign issuers Reference XLSX
30.72 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.

19/04/2018 ESMA03-169-46 2018 Calendar of the Chair and Executive Director of ESMA Reference PDF
268.23 KB
13/04/2018 ESMA41-140-79 Technical standards , Reference XLSX
106.98 KB
28/03/2018 ESMA31-62-780 Q&A on Prospectus Related Topics , , Q&A PDF
1.25 MB
08/03/2018 ESMA71-99-955 EU Agencies Joint declaration on harassment Statement PDF
495.66 KB
05/03/2018 ESMA70-145-386 Technical Advice on the evaluation of certain elements of the Short Selling Regulation Final Report PDF
1.72 MB
28/02/2018 ESMA PARIS Visitor Handbook Reference PDF
2.39 MB
22/02/2018 ESMA70-145-441 ECON scrutiny session Short Selling Regulation Verena Ross Speech PDF
197.03 KB
07/02/2018 ESMA20-95-823 2018 Regulatory Work Programme , , , Reference PDF
251.91 KB
06/02/2018 ESMA20-92-76 ESMA Staff Stakeholder contacts in the Fourth Quarter 2017 Reference PDF
147.82 KB
15/11/2017 ESMA20-92-68 ESMA Staff Stakeholder contacts in the Third Quarter 2017 Reference PDF
144.95 KB

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