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Date Ref. Title Section Type Download Info Summary Related Documents Translated versions
20/06/2017 WP12017 ESMA working paper on collateral scarcity premia in Euro area repo markets Reference PDF
1.01 MB
24/08/2007 VDP VDP response Reference PDF
129.3 KB
20/07/2022 SSR sanctions Administrative measures and sanctions applicable in Member States to infringements of the Short Selling Regulation (SSR) Reference PDF
372.65 KB
24/08/2007 SP S&P response Reference PDF
587 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
23/03/2001 ResolutionStockholm Stockholm Resolution Reference PDF
18.53 KB
Resolution of the European Council on more effective securities market regulation in the European Union Stockholm, 23 March 2001
01/12/2016 RD 2016/04 ESMA Risk Dashboard No. 4 2016 Reference PDF
848.82 KB
24/08/2007 NVB-CRA NVB response Reference PDF
35.34 KB
04/08/2022 Net short thresholds Net short position notification thresholds for sovereign issuers Reference XLSX
26.41 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.

24/08/2007 MIS Moody's response Reference PDF
322.82 KB
13/04/2010 MARKT G3/SH/cr Ares (2009) Commission request for additional information from CESR in relation to the review of MiFID Reference PDF
79.6 KB
16/08/2022 Market makers - XLS Market makers and authorised primary dealers who are using the exemption under the SSR- XLS Reference XLSX
40.76 KB
26/09/2022 Market makers - pdf Market makers and authorised primary dealers who are using the exemption under the SSR- PDF Reference PDF
448.7 KB
24/08/2007 M&G-CRA M&G response Reference PDF
49.36 KB
15/02/2001 Lamfalussy Report Lamfalussy Report Reference PDF
398.94 KB
The final report by the Committee of Wise Men establishing CESR
24/08/2007 JP MORGAN-CRA JP MORGAN response Reference PDF
746.57 KB
25/08/2021 Joint Committee Press release on ESAs publish final draft technical standards amending margin requirements for non-centrally cleared OTC derivatives Reference PDF
56.3 KB
25/08/2021 Joint Committee PSD Supervisory cooperation protocol Reference PDF
633.96 KB
25/08/2021 Joint Committee Statement on variation margin exchange under the EMIR RTS on OTC derivatives Reference PDF
191 KB

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