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Date Ref. Title Section Type Download Info Summary Related Documents Translated versions
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
18/05/2021 ESMA22-106-3323 SoC Management Board- 22 March 2021 Summary of Conclusions PDF
65.36 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
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
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 SSR sanctions Administrative measures and sanctions applicable in Member States to infringements of the Short Selling Regulation (SSR) Reference PDF
371.24 KB
21/12/2020 Market makers - XLS Market makers and authorised primary dealers who are using the exemption under the SSR- XLS Reference XLSX
39 KB
21/12/2020 Market makers - pdf Market makers and authorised primary dealers who are using the exemption under the SSR- PDF Reference PDF
448.59 KB
18/11/2020 Net short thresholds Net short position notification thresholds for sovereign issuers Reference XLSX
25.95 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
21/08/2020 ESMA22-106-2477 Summary of conclusions Management Board meeting- 7 July 2020 Summary of Conclusions PDF
164.93 KB
15/07/2020 ESMA22-106-2415 SoC Management Board- 27 May 2020 Summary of Conclusions PDF
178.96 KB
17/06/2020 ESMA63-46-710 Policy on the reimbursement for external persons , Reference PDF
265.73 KB
17/06/2020 ESMA63-46-716 Policy on the reimbursement of candidates and trainees , Reference PDF
237.6 KB
15/06/2020 ESMA20-95-1264 2019 Annual Report , , , Annual Report PDF
3.03 MB

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