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Date Ref. Title Section Type Download Info Summary Related Documents Translated versions
13/05/2022 ESMA42-110-812 Notifications of Compliance with Guidelines – Overview Table Reference XLSX
131.17 KB
13/05/2022 Net short thresholds Net short position notification thresholds for sovereign issuers Reference XLSX
34.08 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 Reference PDF
746.79 KB
29/04/2022 ESMA42-646012687-331 ESMA Guidelines , Reference XLSX
66.09 KB
01/04/2022 ESMA34-46-101 Register of authorised European long-term investment funds (ELTIFs) Reference XLSX
61.36 KB
28/03/2022 ESMA34-45-1576 Cross-border distribution of investment funds Reference PDF
971.35 KB
28/03/2022 ESMA 50-165-2078 Fund performance during market stress – The Corona experience , Reference PDF
387.61 KB
11/03/2022 Market makers - XLS Market makers and authorised primary dealers who are using the exemption under the SSR- XLS Reference XLSX
40.61 KB
11/03/2022 Market makers - pdf Market makers and authorised primary dealers who are using the exemption under the SSR- PDF Reference PDF
448.67 KB
18/02/2022 ESMA50-164-5623 Alternative Investment Funds (AIFs) exposures to commercial real estate- 2020 , Reference PDF
109.33 KB
10/02/2022 ESMA 80-195-1352 Text mining ESG disclosures in rating agency press releases , , 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 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 , , Reference PDF
91.78 KB
04/01/2022 ESMA70-156-4957 Call for evidence- DLT Pilot Regime- response form , 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 , Reference PDF
570.54 KB
17/12/2021 ESMA34-43-392 Q&A on the application of the UCITS Directive Q&A PDF
767.57 KB
17/12/2021 ESMA34-32-352 Q&A on the Application of the AIFMD , Q&A PDF
684.79 KB
14/12/2021 ESMA32-380-143 National thresholds for shareholder identification under the revised SRD , Reference PDF
130.51 KB
30/11/2021 ESMA41-140-79 Technical standards , Reference XLSX
169.44 KB
20/10/2021 ESMA34-32-418 AIFMD MoUs signed by the EU authorities , Reference XLSX
50.22 KB

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