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Date Ref. Title Section Type Download Info Summary Related Documents Translated versions
16/08/2022 Market makers - XLS Market makers and authorised primary dealers who are using the exemption under the SSR- XLS Reference XLSX
40.1 KB
16/08/2022 Market makers - pdf Market makers and authorised primary dealers who are using the exemption under the SSR- PDF Reference PDF
481.8 KB
10/08/2022 ESMA ED Calendar 2022 calendar of the Executive Director of ESMA Reference PDF
138.1 KB
04/08/2022 Net short thresholds Net short position notification thresholds for sovereign issuers Reference XLSX
26.41 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.

20/07/2022 SSR sanctions Administrative measures and sanctions applicable in Member States to infringements of the Short Selling Regulation (SSR) Reference PDF
372.65 KB
20/07/2022 ESMA34-43-392 Q&A on the application of the UCITS Directive Q&A PDF
767.22 KB
20/07/2022 ESMA34-32-352 Q&A on the Application of the AIFMD , Q&A PDF
707.65 KB
18/07/2022 ESMA Chair calendar 2022 Calendar of the Chair of ESMA Reference PDF
205.51 KB
15/07/2022 ESMA40-134-2458 Conflict of interests and ethics policy- ESMA staff , Reference PDF
3.5 MB
11/07/2022 ESMA22-440-249 ESMA Staff Stakeholder contacts in the second quarter 2022 Reference PDF
120.47 KB
05/07/2022 ESMA34-46-101 Register of authorised European long-term investment funds (ELTIFs) Reference XLSX
57.87 KB
01/07/2022 ESMA31-67-535 Practical Guide on notifications of major holdings under the Transparency Directive , , Reference PDF
1 MB
01/07/2022 ESMA41-140-79 Technical standards , Reference XLSX
173.59 KB
29/06/2022 ESMA34-45-1576 Cross-border distribution of investment funds Reference PDF
991.03 KB
28/06/2022 ESMA22-106-3829 Overview of planned consultation papers 2022 Reference PDF
81.37 KB
28/06/2022 ESMA02-91-3297 ESMA Final Accounts Financial Year 2021 , , , Reference PDF
803.28 KB
23/06/2022 ESMA34-32-418 AIFMD MoUs signed by the EU authorities , Reference XLSX
49.99 KB
01/06/2022 ESMA50-164-770 Links to national websites where net short positions in shares are disclosed Reference PDF
97.14 KB
31/05/2022 ESMA34-45-1427 Supervisory briefing- Sustainability risks and disclosures in the area of investment management , Reference PDF
312.39 KB
23/05/2022 ESMA50-165-2146 The drivers of the costs and performance of ESG funds , Reference PDF
532.34 KB

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