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|Date||Ref.||Title||Section||Type||Download||Info||Summary||Related Documents||Translated versions|
|21/09/2020||Market makers - XLS||Market makers and authorised primary dealers who are using the exemption under the SSR- XLS||Short Selling||Reference||XLSX
|21/09/2020||Market makers - pdf||Market makers and authorised primary dealers who are using the exemption under the SSR- PDF||Short Selling||Reference||PDF
|17/07/2020||ESMA22-106-2738||Own Initiative SMSG Report II on Covid-19 related Issues||Securities and Markets Stakeholder Group||Report||PDF
|17/07/2020||ESMA22-105-2740||SMSG- End of Term Report 2020||Securities and Markets Stakeholder Group||Report||PDF
|14/02/2020||ESMA22-106-2062||Procedure- ESMA Stakeholder Group Renewal Procedure 2020||Securities and Markets Stakeholder Group||Reference||PDF
|14/02/2020||SMSG 2020||SMSG application form 2020||Securities and Markets Stakeholder Group||Reference||DOCX
|14/02/2020||ESMA22-106-2097||Call for expression of interest to the ESMA Securities and Markets Stakeholder Group (SMSG)||Securities and Markets Stakeholder Group||Reference||PDF
|05/04/2019||ESMA22-106-1736||SMSG Application Form 2019||Board of Supervisors, Securities and Markets Stakeholder Group||Reference||DOCX
|05/04/2019||ESMA22-106-1733||Call for expression of interest- consumers, employee reps, SMEs April 2019||Board of Supervisors, Securities and Markets Stakeholder Group||Reference||PDF
|01/04/2019||ESMA22-106-1731||SMSG Credit Ratings Disclosures advice||Securities and Markets Stakeholder Group||Report||PDF
|01/04/2019||esma22-106-1710||smsg_advice_on_stor_peer_review||Securities and Markets Stakeholder Group||Report||PDF
|26/03/2019||ESMA22-106-1683||SMSG advice on integrating sustainability risks and factors in MIFID, the UCITS Directive and AIFMD||Securities and Markets Stakeholder Group||Report||PDF
|25/03/2019||ESMA22-106-1684||SMSG advice on draft RTS amending the PRIIPs Delegated Regulation||Securities and Markets Stakeholder Group||Report||PDF
|24/01/2019||ESMA50-164-770||Links to national websites where net short positions in shares are disclosed||Short Selling||Reference||PDF
|03/01/2019||ESMA22-16-1603||SMSG End of Term Report 2018||Securities and Markets Stakeholder Group||Report||PDF
|31/10/2018||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.
|23/08/2018||ESMA50-164-772||Links to the national websites explaining the procedures for notifications of net short positions||Short Selling||Reference||PDF
|05/07/2018||ESMA22-106-1050||Call for expression of interest regarding positions in the ESMA Securities and Markets Stakeholder Group||Securities and Markets Stakeholder Group||Reference||PDF
|05/07/2018||ESMA22-106-1052||ESMA Stakeholder Group Renewal Procedure 2018||Securities and Markets Stakeholder Group||Reference||PDF
|01/06/2018||ESMA35-43-1135||Notice of ESMA's Product Intervention Decisions on CFDs and binary options||MiFID - Investor Protection, Warnings and publications for investors||Reference||PDF