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Date Ref. Title Section Type Download Info Summary Related Documents Translated versions
23/06/2022 ESMA42-110-812 Notifications of Compliance with Guidelines – Overview Table Guidelines and Technical standards Reference XLSX
131.16 KB
15/06/2022 ESMA31-67-535 Practical Guide on notifications of major holdings under the Transparency Directive Corporate Disclosure, Corporate Information, Transparency Reference PDF
998.78 KB
07/06/2022 SSR sanctions Administrative measures and sanctions applicable in Member States to infringements of the Short Selling Regulation (SSR) Short Selling Reference PDF
372.64 KB
01/06/2022 ESMA50-164-770 Links to national websites where net short positions in shares are disclosed Short Selling Reference PDF
97.14 KB
27/05/2022 ESMA41-140-79 Technical standards Corporate Information, Guidelines and Technical standards Reference XLSX
166.13 KB
19/05/2022 Market makers - XLS Market makers and authorised primary dealers who are using the exemption under the SSR- XLS Short Selling Reference XLSX
40.34 KB
19/05/2022 Market makers - pdf Market makers and authorised primary dealers who are using the exemption under the SSR- PDF Short Selling Reference PDF
449.2 KB
13/05/2022 Net short thresholds Net short position notification thresholds for sovereign issuers Short Selling Reference XLSX
26.5 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.
12/05/2022 ESMA WP-2022-02 ESMA working paper on Financial stability risks from cloud outsourcing Innovation and Products Reference PDF
746.79 KB
29/04/2022 ESMA42-646012687-331 ESMA Guidelines Corporate Information, Guidelines and Technical standards Reference XLSX
66.09 KB
01/04/2022 ESMA32-51-370 Q&A on ESMA Guidelines on Alternative Performance Measures Corporate Disclosure, Corporate Information Q&A PDF
987.02 KB
31/03/2022 ESMA42-111-6889 Follow-up to GLEFI Peer Review Report Corporate Disclosure, IFRS Supervisory Convergence Reference PDF
429.7 KB
28/03/2022 ESMA 50-165-2078 Fund performance during market stress – The Corona experience Fund Management, Innovation and Products Reference PDF
387.61 KB
09/03/2022 ESMA90-1-163 Multilateral Memorandum of Understanding on Cooperation for Information Sharing Regarding Participants in a Clearing or Settlement System Brexit, International cooperation Reference PDF
630.61 KB
10/02/2022 ESMA 80-195-1352 Text mining ESG disclosures in rating agency press releases Credit Rating Agencies, Innovation and Products, Sustainable finance Reference PDF
403.58 KB
28/01/2022 ESMA 80-416-252 Response Form- CP Revision to Guidelines and Recommendations on the Scope of the CRA Regulation Credit Rating Agencies Reference DOCX
622.67 KB
04/01/2022 JC 2021 56 Mandate of the Joint Committee of the European Supervisory Authorities’ Consumer Protection and Financial Innovation Sub-Committee Innovation and Products, Joint Committee, MiFID - Investor Protection Reference PDF
91.78 KB
04/01/2022 ESMA70-156-4957 Call for evidence- DLT Pilot Regime- response form Innovation and Products, MiFID - Secondary Markets Reference DOCX
777.34 KB
04/01/2022 ESMA70-156-4957 Call for evidence- DLT Pilot Regime and review of MiFIR RTS on transparency and reporting Innovation and Products, MiFID - Secondary Markets Reference PDF
570.54 KB
24/09/2021 ESMA50-164-772 Links to the national websites explaining the procedures for notifications of net short positions Short Selling Reference PDF
158.57 KB

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