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Date Ref. Title Section Type Download Info Summary Related Documents Translated versions
19/11/2020 Market makers - XLS Market makers and authorised primary dealers who are using the exemption under the SSR- XLS Reference XLSX
44.29 KB
19/11/2020 Market makers - pdf Market makers and authorised primary dealers who are using the exemption under the SSR- PDF Reference PDF
502.23 KB
18/11/2020 Net short thresholds Net short position notification thresholds for sovereign issuers Reference XLSX
27.35 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.

06/11/2020 ESMA32-65-293 Application form for CFSC CWG , Reference DOCX
35.57 KB
06/11/2020 ESMA32-65-292 Call for expression of interest CFSC CWG 2020 Reference PDF
132.09 KB
05/11/2020 ESMA30-379-325 Response form- CP on TR Article 8 advice Reference DOCX
775.77 KB
05/11/2020 ESMA30-379-325 Consultation Paper- Draft advice to EC under Article 8 of the Taxonomy Regulation Consultation Paper PDF
1.79 MB
23/10/2020 ESMA31-62-1193 List of prospectus thresholds , , Reference PDF
220.58 KB
02/10/2020 ESMA42-110-2314 Response to EC consultation on EU Green Bond Standard Reference PDF
97.71 KB
31/08/2020 ESMA32-380-143 National thresholds for shareholder identification under the revised SRD Reference PDF
135.18 KB
15/07/2020 ESMA30-22-821 Response to EC consultation on a Renewed Sustainable Finance Strategy Reference PDF
883.58 KB
02/07/2020 SG34-45-937 slides Public hearing on ESG disclosures CP 2 July 2020- Slides , Reference PDF
297.72 KB
30/06/2020 SG34-45-937 Public hearing on ESG disclosures CP 2 July 2020- Agenda , Reference PDF
122.98 KB
04/05/2020 JC 2020 16 Annex 1 Joint ESA consultation on ESG disclosures- Annex 1 Reference DOCX
131.67 KB
23/04/2020 ESMA34-45-904 Joint ESA consultation on ESG disclosures- response form , Reference DOCX
573.19 KB
23/04/2020 JC 2020 16 Joint ESA consultation on ESG disclosures , Consultation Paper PDF
911.13 KB
27/03/2020 ESMA31-69-261 Call for expression of interest CFSC CWG 2020 Reference PDF
133.21 KB
27/03/2020 ESMA31-69-263 Application form CSFC CWG Reference DOCX
40.09 KB
24/06/2019 esma30-22-620 Explanatory_note_on_the_survey_on_short_termism Reference PDF
195.6 KB
30/01/2019 ESMA22-105-661 Agenda for open hearing on sustainable finance Reference PDF
129.15 KB