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Date Ref. Title Section Type Download Info Summary Related Documents Translated versions
07/06/2022 SSR sanctions Administrative measures and sanctions applicable in Member States to infringements of the Short Selling Regulation (SSR) Reference PDF
372.64 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
30/11/2021 SFDR EC Q&A CORRECTION EC Q&A on sustainability-related disclosures- correction , Q&A PDF
87.19 KB
26/07/2021 SFDR EC Q&A EC Q&A on sustainability-related disclosures , Q&A PDF
601.99 KB
18/05/2017 pkaspeech Speech by Patrick Armstrong on The Adoption of RegTech within the Financial Services Industry Speech PDF
255.17 KB
13/05/2022 Net short thresholds Net short position notification thresholds for sovereign issuers 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.

30/03/2022 MoU USA - SEC Memorandum of Understanding Related to ESMA’s Assessment of Compliance and Monitoring of the Ongoing Compliance with Recognition Conditions by Certain Clearing Agencies Established in the United States Reference PDF
257.43 KB
30/03/2022 MoU USA - CFTC Supplemental Arrangement Supplemental Arrangement to 2016 Memorandum of Understanding Related to ESMA’s Assessment of Compliance and Monitoring of the Ongoing Compliance with Recognition Conditions by Derivatives Clearing Organizations Established in the United States Reference PDF
177.18 KB
30/03/2022 MoU Switzerland Memorandum of Understanding Related to ESMA's Monitoring of the Ongoing Compliance with Recognition Conditions by CCPs Established in Switzerland Reference PDF
270.19 KB
30/03/2022 MoU Singapore Memorandum of Understanding between ESMA and MAS Related to Central Counterparties Established in Singapore Reference PDF
184.8 KB
19/07/2012 MOU SFC ESMA MOU on the supervision of CRAs- ESMA and SFC Hong Kong , Reference PDF
497.63 KB
19/07/2012 MOU SEC ESMA MOU on the supervision of CRAs- ESMA and SEC , Reference PDF
306.87 KB
30/03/2022 MoU New Zeleand Memorandum of Understanding between ESMA, the Reserve Bank of New Zealand and the Financial Markets Authority Related to CCPs Established in New Zealand Reference PDF
200.23 KB
30/03/2022 MoU Mexico Memorandum of Understanding between European Securities and Markets Authority (ESMA)and theNational Banking and Securities Commission(CNBV) Related toCCPs Established in Mexico Reference PDF
245.3 KB
30/03/2022 MoU Korea Memorandum of Understanding between ESMA and the FSC/FSS Related to CCPs Established in the Republic of Korea Reference PDF
187.51 KB
30/03/2022 MoU Japan - MAFF/METI Memorandum of Cooperation between the European Securities and Markets Authority, and Ministry of Agriculture, Forestry and Fisheries of Japan and Ministry of Economy, Trade and Industry of Japan Related to CCPs Established in Japan Reference PDF
302.44 KB
30/03/2022 MoU Japan - JFSA Memorandum of Cooperation between the European Securities and Markets Authority and Financial Services Agency of Japan Related to CCPs Established in Japan Reference PDF
202.05 KB
30/03/2022 MoU Hong Kong Memorandum of Understanding between ESMA and the Securities and Futures Commission Related to CCPs Established in Hong Kong Reference PDF
199.25 KB
30/06/2016 MOU FSB ESMA MoU on the supervision of CRAs- ESMA and FSB South Africa , Reference PDF
504.28 KB

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