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Date Ref. Title Section Type Download Info Summary Related Documents Translated versions
15/01/2021 ESMA50-164-772 Links to the national websites explaining the procedures for notifications of net short positions Short Selling Reference PDF
162.9 KB
12/01/2021 ESMA WP-2021-02 ESMA working paper on equity funds and derivatives Fund Management, Innovation and Products Reference PDF
673.7 KB
05/01/2021 ESMA40-134-2458 Conflict of interests and ethics policy- ESMA staff Careers, Corporate Information Reference PDF
6.72 MB
04/01/2021 ESMA50-164-770 Links to national websites where net short positions in shares are disclosed Short Selling 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) Short Selling Reference PDF
371.24 KB
04/01/2021 ESMA70-155-4809 List of trading venues and CCPs benefiting from a transitional exemption from the access provisions under Article 54(2) of MiFIR MiFID - Secondary Markets Reference PDF
87.52 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
23/12/2020 ESMA81-393-84 Response form- CP Technical Advice Fines Benchmarks Reference DOCX
753.16 KB
22/12/2020 ESMA70-156-300 Public Register for the Trading Obligation for derivatives under MiFIR MiFID - Secondary Markets Reference PDF
172.6 KB
22/12/2020 ESMA34-47-352 ToR OWG IMSC Fund Management Reference PDF
101.55 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
18/12/2020 ESMA70-156-4086 Response Form CP on Algorithmic Trading MiFID - Secondary Markets, Trading Reference DOCX
754.86 KB
15/12/2020 ESMA64-80-232 ED decision on the extension of reserve lists ending 31/12/2020 Careers Reference PDF
89.47 KB
09/12/2020 Overview recruitments Overview recruitments- Updated December 2020 Careers, Vacancies Reference PDF
783.89 KB
04/12/2020 ESMA65-8-6480 Money Market Fund Reporting Technical Reporting Instructions Fund Management Reference ZIP
2.73 MB
18/11/2020 Net short thresholds Net short position notification thresholds for sovereign issuers Short Selling 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 ESMA34-45-926 response form Response form- draft guidelines on marketing communications Fund Management Reference DOCX
24.06 KB
06/11/2020 ESMA70-156-3882 Response Form CP Guidelines on market data MiFID - Secondary Markets Reference DOCX
759.82 KB

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