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Date Ref. Title Section Type Download Info Summary Related Documents Translated versions
01/10/2021 ESMA22-106-3545 Summary of Conclusions Management Board- 3 September 2021 Summary of Conclusions PDF
119.82 KB
24/09/2021 ESMA50-164-772 Links to the national websites explaining the procedures for notifications of net short positions Reference PDF
158.57 KB
24/09/2021 Market makers - XLS Market makers and authorised primary dealers who are using the exemption under the SSR- XLS Reference XLSX
39.23 KB
24/09/2021 ESMA70-156-3914 Response form- Consultation Paper on the review of certain aspects of the SSR Reference DOCX
751.38 KB
14/09/2021 ESMA22-106-3475 SoC Management Board- 7 July 2021 Summary of Conclusions PDF
73.71 KB
11/08/2021 Market makers - pdf Market makers and authorised primary dealers who are using the exemption under the SSR- PDF Reference PDF
484.04 KB
04/08/2021 Net short thresholds Net short position notification thresholds for sovereign issuers Reference XLSX
26.08 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.

29/07/2021 ESMA22-106-3387 SoC Management Board- 19 May 2021 Summary of Conclusions PDF
66.52 KB
22/06/2021 ESMA22-106-3357 SoC Management Board- 20 April 2021 Summary of Conclusions PDF
55.34 KB
16/06/2021 ESMA20-95-1381 2020 Annual Report , , , Annual Report PDF
4 MB
28/05/2021 esma74-362-2009 Response_form_Response_form_-_Consultation Paper on the Guidelines on Transfer of Data , , Reference DOCX
776.32 KB
18/05/2021 ESMA22-106-3323 SoC Management Board- 22 March 2021 Summary of Conclusions PDF
65.36 KB
29/03/2021 ESMA74-362-1937 response form- Technical Advice on simplification TR fees under SFTR and EMIR , Reference DOCX
757.95 KB
29/03/2021 ESMA50-164-770 Links to national websites where net short positions in shares are disclosed Reference PDF
117.25 KB
26/03/2021 ESMA22-106-3251 Summary of Conclusions Management Board- 3 March 2021 Summary of Conclusions PDF
48.81 KB
01/03/2021 ESMA22-106-3155 Summary of Conclusions Management Board Meeting- 26 January 2021 Summary of Conclusions PDF
124.19 KB
02/02/2021 ESMA22-106-3087 Summary of conclusions Management Board meeting- 15 December 2020 Summary of Conclusions PDF
144.97 KB
02/02/2021 ESMA22-106-2975 Summary of conclusions Management Board meeting- 4 November 2020 Summary of Conclusions PDF
118.41 KB
29/01/2021 ESMA 80-196-5030 Response form to Public Consultation on Fees charged to Credit Rating Agencies by ESMA Reference DOCX
751.49 KB
08/01/2021 ESMA22-106-2952 Summary of Conclusions Management Board Meeting 13 October 2020 Summary of Conclusions PDF
97.46 KB

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