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Date Ref. Title Section Type Download Info Summary Related Documents Translated versions
15/07/2021 ESMA70-156-4731 Response form for the Consultation Paper on MAR Guidelines Reference DOCX
753.44 KB
22/06/2021 ESMA22-106-3342 Summary of conclusions SMSG- 24 March 2021 Summary of Conclusions PDF
97.07 KB
21/05/2021 ESMA22-106-3378 SMSG response to the European Commission’s targeted consultation on supervisory convergence and the single rulebook , Reference PDF
171.54 KB
21/05/2021 ESMA22-106-3341 SoC Board of Supervisors and the Securities and Markets Stakeholder Group- 24 March 2021 , Summary of Conclusions PDF
82.2 KB
29/03/2021 ESMA50-164-770 Links to national websites where net short positions in shares are disclosed Reference PDF
117.25 KB
25/03/2021 ESMA22-106-3216 Summary of conclusions SMSG- 9 February 2021 Summary of Conclusions PDF
108.05 KB
11/02/2021 ESMA22-106-3123 Summary of conclusions SMSG 17 December 2020 Summary of Conclusions PDF
103.5 KB
04/02/2021 ESMA22-106-3107 Summary of Conclusions Board of supervisors-SMSG- 17 December 2020 , Summary of Conclusions PDF
119.06 KB
01/02/2021 ESMA50-164-4105 Alternative Investment Funds (AIFs) exposures to commercial real estate- 2019 , Reference PDF
109.68 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
04/01/2021 ESMA70-145-1020 List of national competent authorities that have increased the thresholds for the notification of transactions of persons discharging managerial responsibilities and closely associated persons Reference PDF
211.7 KB
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
23/12/2020 ESMA22-106-3050 SMSG Response to ESMA’s Consultation on Article 8 of the Taxonomy Regulation Reference PDF
248.22 KB
22/12/2020 ESMA22-106-2934 SMSG Summary of Conclusions 1 October 2020 Summary of Conclusions PDF
104.05 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
21/12/2020 Market makers - pdf Market makers and authorised primary dealers who are using the exemption under the SSR- PDF Reference PDF
466.94 KB
18/11/2020 Net short thresholds Net short position notification thresholds for sovereign issuers Reference XLSX
25.95 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.

11/11/2020 ESMA50-165-1371 ESMA Risk Dashboard No. 2 2020 Reference PDF
621.57 KB
05/10/2020 ESMA22-106-2788 SMSG Summary of Conclusions 9 July 2020 , Summary of Conclusions PDF
158.28 KB
02/09/2020 ESMA50-165-1274 ESMA report on trends, risks and vulnerabilities no.2 2020- statistical annex Reference PDF
3.26 MB

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