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Date Ref. Title Section Type Download Info Summary Related Documents Translated versions
08/12/2022 Market makers - XLS Market makers and authorised primary dealers who are using the exemption under the SSR- XLS Reference XLSX
41.24 KB
08/12/2022 Market makers - pdf Market makers and authorised primary dealers who are using the exemption under the SSR- PDF Reference PDF
460.73 KB
08/12/2022 ESMA71-99-2062 ESMA publishes its assessment of the Brexit relocation processes , Press Release PDF
96.02 KB
08/12/2022 ESMA42-111-7468 Peer review into the NCAs’ handling of relocation to the EU in the context of the UK’s withdrawal from the EU , Report PDF
1.03 MB
02/12/2022 ESMA22-106-4325 SMSG Advice on gas and nuclear energy , SMSG Advice PDF
109.63 KB
02/12/2022 ESMA22-106-4322 SMSG Advice on Depositary Receipts and Geopolitical Risks , SMSG Advice PDF
152.76 KB
02/12/2022 ESMA22-106-4323 SMSG Advice to the Call for evidence on the implementation of SRD2 provisions on proxy advisors and the investment chain , SMSG Advice PDF
260.77 KB
30/11/2022 ESMA50-164-6905 Opening statement at the ECON hearing on FTX , Statement PDF
132.73 KB
28/11/2022 ESMA81-393-599 Final Report on review of RTS on recognition , Final Report PDF
712.24 KB
17/11/2022 ESMA91-372-2346 Final Report on the Guidelines on the assessment of resolvability (Article 15(5) of CCPRRR) , Final Report PDF
910.65 KB
17/11/2022 ESMA91-372-1791 Final report on the Guidelines on the types and content of the provisions of Cooperation Arrangements , Final Report PDF
862.01 KB
16/11/2022 ESMA22-106-3646 Summary of Conclusions SMSG- 28 September 2021 Summary of Conclusions PDF
129.15 KB
16/11/2022 ESMA22-106-3449 Summary of Conclusions SMSG- 17 June 2021 Summary of Conclusions PDF
116.55 KB
04/11/2022 2016/602 Compliance table- Guidelines on ETFs and other UCITS issues , Compliance table PDF
139.61 KB
04/11/2022 Net short thresholds Net short position notification thresholds for sovereign issuers Reference XLSX
26.52 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.

04/11/2022 ESMA42-110-812 Notifications of Compliance with Guidelines – Overview Table Reference XLSX
140.21 KB
31/10/2022 ESMA80-196-6345 Guidelines on the Scope of the CRA Regulation , Guidelines & Recommendations PDF
246.21 KB
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31/10/2022 ESMA50-164-772 Links to the national websites explaining the procedures for notifications of net short positions Reference PDF
159.53 KB
28/10/2022 ESMA32-63-1320 ESMA statement on European Common Enforcement priorities for 2022 annual reports , Statement PDF
608.88 KB
26/10/2022 ESMA22-106-4247 SMSG advice in respect of the ESMA Consultation Paper on the Review of the Guidelines on MiFID II product governance requirements , , SMSG Advice PDF
232.86 KB

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