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|Date||Ref.||Title||Section||Type||Download||Info||Summary||Related Documents||Translated versions|
|24/09/2021||ESMA50-164-772||Links to the national websites explaining the procedures for notifications of net short positions||Short Selling||Reference||PDF
|24/09/2021||Market makers - XLS||Market makers and authorised primary dealers who are using the exemption under the SSR- XLS||Short Selling||Reference||XLSX
|24/09/2021||ESMA70-156-3914||Response form- Consultation Paper on the review of certain aspects of the SSR||Short Selling||Reference||DOCX
|09/09/2021||ESACD 2021||Programme for the joint ESA Consumer Day 2021||Innovation and Products, Joint Committee, MiFID - Investor Protection||Reference||PDF
|01/09/2021||ESMA31-67-535||Practical Guide on notifications of major holdings under the Transparency Directive||Corporate Disclosure, Corporate Information, Transparency||Reference||PDF
|11/08/2021||Market makers - pdf||Market makers and authorised primary dealers who are using the exemption under the SSR- PDF||Short Selling||Reference||PDF
|04/08/2021||Net short thresholds||Net short position notification thresholds for sovereign issuers||Short Selling||Reference||XLSX
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:
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.
|25/05/2021||ESMA-50-164-4518 response form||Call for evidence on digital finance- response form||Innovation and Products||Reference||DOCX
|21/05/2021||ESMA22-106-3378||SMSG response to the European Commission’s targeted consultation on supervisory convergence and the single rulebook||Securities and Markets Stakeholder Group, Supervisory convergence||Reference||PDF
|20/05/2021||ESMA70-156-4262||Opinion for the adjustment of the threshold set out in Article 5(2) of SSR||COVID-19, Market Integrity, Short Selling||Opinion||PDF
|29/03/2021||ESMA50-164-770||Links to national websites where net short positions in shares are disclosed||Short Selling||Reference||PDF
|02/03/2021||ESMA32-60-709||ESMA's response to EC targeted consultation on ESAP||Transparency||Reference||PDF
|12/01/2021||ESMA WP-2021-02||ESMA working paper on equity funds and derivatives||Fund Management, Innovation and Products||Reference||PDF
|11/01/2021||ESMA WP-2021-01||ESMA working paper on funds and single-name CDS: Hedging or Trading?||Innovation and Products||Reference||PDF
|04/01/2021||SSR sanctions||Administrative measures and sanctions applicable in Member States to infringements of the Short Selling Regulation (SSR)||Short Selling||Reference||PDF
|23/12/2020||ESMA22-106-3050||SMSG Response to ESMA’s Consultation on Article 8 of the Taxonomy Regulation||Securities and Markets Stakeholder Group||Reference||PDF
|14/12/2020||ESMA50-157-2413||Call for expressions of interest: Consultative Working Group for ESMA’s Financial Innovation Standing Committee||Innovation and Products||Reference||PDF
|09/11/2020||ESMA31-67-127||Question and answers on Transparency Directive (TD)||Brexit, Corporate Disclosure, Corporate Finance, Supervisory convergence, Transparency||Q&A||PDF
|03/06/2020||ESMA50-164-3342 response form||Draft Guidelines on Outsourcing to Cloud Service Providers- response form||Innovation and Products||Reference||DOCX
|15/04/2020||ESMA70-155-9845||Opinion on CNMV emergency measure under the SSR||COVID-19, Market Integrity, Short Selling||Opinion||PDF