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Date Ref. Title Section Type Download Info Summary Related Documents Translated versions
18/11/2022 ESMA71-102-173 ESMA Q&As- list of questions currently under development Reference XLSX
135.33 KB
10/11/2022 ESMA70-152-348 List of third-country CCPs recognised to offer services and activities in the Union , Reference PDF
448.45 KB
04/11/2022 Net short thresholds Net short position notification thresholds for sovereign issuers Reference XLSX
26.52 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.

31/10/2022 ESMA50-164-772 Links to the national websites explaining the procedures for notifications of net short positions Reference PDF
159.53 KB
24/10/2022 ESMA24-436-1150 Annex to the Opening Statement- 2022 ECON Annual Hearing, 24 October 2022 , , , , , , , Reference PDF
701.79 KB
24/10/2022 ESMA81-459-72 Working Group on Euro Risk-Free Rates- 15 September 2022 Meeting Minutes Reference PDF
2.07 MB
21/10/2022 Market makers - XLS Market makers and authorised primary dealers who are using the exemption under the SSR- XLS Reference XLSX
41.18 KB
21/10/2022 Market makers - pdf Market makers and authorised primary dealers who are using the exemption under the SSR- PDF Reference PDF
461.14 KB
18/10/2022 ESMA71-99-2040 ACER and ESMA enhance cooperation to strengthen oversight of energy and energy derivative markets , , , , , Reference PDF
203.77 KB
14/10/2022 ESMA71-319-231 Natasha Cazenave speech at AFME Conference: ESMA’s New Strategic Orientation, 13 October 2022 , , , , Speech PDF
148.72 KB
11/10/2022 MoU China Memorandum of Understanding between ESMA and the People’s Bank of China Related to CCPs Established in the People’s Republic of China Reference PDF
236.81 KB
11/10/2022 MoU Chile Memorandum of Understanding Related to ESMA’s Monitoring of the Ongoing Compliance with Recognition Conditions by CCPs established in Chile and supervised by the Chilean Market Commission Reference PDF
387.64 KB
11/10/2022 ESMA91-372-2391 CCP Strategic Objectives 2023-2025 , Reference PDF
188.32 KB
26/09/2022 ESMA Independent Member of CCP SC N. Giusto Calendar 2021 Calendar of CCP Supervisory Committee Independent Member, Nicoletta Giusto (August-December 2021) Reference PDF
176.61 KB
26/09/2022 ESMA81-459-69 Recommendation from the Working Group on Euro Risk-Free Rates on the availability of derivative products referencing €STR Reference PDF
92.51 KB
23/09/2022 ESMA Independent Member of CCP SC F. Wendt Calendar 2021 Calendar of CCP SC Independent Member, Froukelien Wendt Reference PDF
182.35 KB
22/09/2022 ESMA91-372-1630 Response Form to the Consultation Paper on Draft RTS on Business Reorganisation Plans (Article 37(4) and 38(4) of CCPRRR Reference DOCX
627.43 KB
19/08/2022 ESMA81-393-502 ESMA response to the EC consultation on the BMR review 2022 Reference PDF
203.82 KB
10/08/2022 MoU Memorandum of Understanding between ESMA and South Africa’s Financial Sector Conduct Authority, Prudential Authority and the South African Reserve Bank Related to CCPs Established in South Africa Reference PDF
269.89 KB
29/07/2022 ESMA70-449-672 Call for Evidence on pre-hedging , Reference PDF
245.25 KB

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