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Date Ref. Title Section Type Download Info Summary Related Documents Translated versions
04/08/2021 Net short thresholds Net short position notification thresholds for sovereign issuers Reference XLSX
26.08 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.

16/07/2021 ESMA20-92-186 ESMA Staff Stakeholder contacts in the Second Quarter 2021 Reference PDF
147.39 KB
13/07/2021 ESMA02-91-3252 ESMA Final Accounts Financial Year 2020 , Reference PDF
1.51 MB
12/07/2021 ESMA41-356-224 Public Notice- DTCC Derivatives Repository , Reference PDF
151.07 KB
02/07/2021 ESMA42-646012687-331 ESMA Guidelines , Reference XLSX
59.63 KB
30/06/2021 ESMA Chair calendar 2021 Calendar of the Chair of ESMA Reference PDF
116.97 KB
22/06/2021 About ESMA About ESMA Reference PDF
777.86 KB
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01/06/2021 Organisation Chart ESMA Organigramme Reference PDF
2.66 MB

This organigramme represents the current structure of ESMA. 

28/05/2021 esma74-362-2009 Response_form_Response_form_-_Consultation Paper on the Guidelines on Transfer of Data , , Reference DOCX
776.32 KB
21/05/2021 ESMA20-92-181 ESMA Staff Stakeholder contacts in the First Quarter 2021 Reference PDF
163.64 KB
29/03/2021 ESMA74-362-1937 response form- Technical Advice on simplification TR fees under SFTR and EMIR , Reference DOCX
757.95 KB
29/03/2021 ESMA50-164-770 Links to national websites where net short positions in shares are disclosed Reference PDF
117.25 KB
29/03/2021 ESMA ED Calendar 2021 calendar of the Executive Director of ESMA Reference PDF
96.39 KB
12/03/2021 ESMA20-92-172 ESMA Staff Stakeholder contacts in the Fourth Quarter 2020 Reference PDF
156.88 KB
15/01/2021 ESMA50-164-772 Links to the national websites explaining the procedures for notifications of net short positions Reference PDF
166.56 KB
05/01/2021 ESMA40-134-2458 Conflict of interests and ethics policy- ESMA staff , Reference PDF
6.72 MB
04/01/2021 SSR sanctions Administrative measures and sanctions applicable in Member States to infringements of the Short Selling Regulation (SSR) Reference PDF
371.24 KB
04/01/2021 EU-UKFCA MoU EU-UK FCA MoU on consultation, cooperation and exchange of information , Reference PDF
219.12 KB
04/01/2021 ESMA-UKFCA MoU ESMA-UK FCA MoU on consultation, cooperation and exchange of information , Reference PDF
195.27 KB
21/12/2020 Market makers - XLS Market makers and authorised primary dealers who are using the exemption under the SSR- XLS Reference XLSX
39.31 KB

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