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Date Ref. Title Section Type Download Info Summary Related Documents Translated versions
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.

06/05/2022 ESMA35-42-1305 ESCPR- Miscellaneous reporting to ESMA , Reference PDF
367.89 KB
19/04/2022 ESMA65-8-9568 FIRDS Reference Data Functional Specifications v2.10 Reference PDF
2.88 MB
19/04/2022 ESMA 65-8-9654 FIRDS Reference Data XML Schema v1.2.1 Reference ZIP
45.67 KB
31/03/2022 ESMA42-111-6889 Follow-up to GLEFI Peer Review Report , Reference PDF
429.7 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
04/02/2022 ESMA65-8-9387 FIRDS Reference Data XML Schema v1.2.0 Reference ZIP
46.52 KB
28/01/2022 ESMA35-42-1088 Q&A on the European crowdfunding service providers for business Regulation Q&A PDF
210.94 KB
28/01/2022 ESMA70-872942901-35 Q&A on MiFID II and MiFIR transparency topics Q&A PDF
985.46 KB
28/01/2022 ESMA70-156-4978 reply form Reply form for the Consultation Paper on the Opinion on Trading Venue perimeter , , Reference DOCX
418.16 KB
06/01/2022 ESMA65-8-5240 FIRDS Instructions on how to download transparency results files v1.4 – Updated 06/01/2022 Reference PDF
795.6 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
14/12/2021 ESMA32-380-143 National thresholds for shareholder identification under the revised SRD , Reference PDF
130.51 KB
01/10/2021 ESMA70-156-3921 Public Register for the Trading Obligation for derivatives under MiFIR Reference PDF
172.07 KB
24/09/2021 ESMA50-164-772 Links to the national websites explaining the procedures for notifications of net short positions Reference PDF
158.57 KB
24/09/2021 ESMA70-156-3914 Response form- Consultation Paper on the review of certain aspects of the SSR Reference DOCX
751.38 KB
20/07/2021 ESMA70-1861941480-56 Q&A on MiFIR data reporting , Q&A PDF
1.07 MB
15/07/2021 ESMA 32-63-365 List of decisions published from the EECS’s Database of Enforcement Reference PDF
243.01 KB

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