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Date Ref. Title Section Type Download Info Summary Related Documents Translated versions
24/11/2021 ESMA70-151-2767 List of designated authorities, payment systems and securities settlement systems Reference XLSX
75.88 KB
24/11/2021 ESMA22-106-3734 SMSG advice to ESMA on its Consultation Paper on the review of certain aspects of the Short Selling Regulation , SMSG Advice PDF
167.66 KB
22/11/2021 ESMA 70-156-5010 Review of the clearing thresholds under EMIR_Response Form Reference DOCX
771.64 KB
22/11/2021 ESMA41-140-79 Technical standards , Reference XLSX
163.83 KB
19/11/2021 ESMA70-148-523 List of Central Counterparties authorised to offer services and activities in the Union Reference PDF
373.14 KB
18/11/2021 ESMA70-155-11635 CSD Register Reference PDF
1.07 MB
08/11/2021 Net short thresholds Net short position notification thresholds for sovereign issuers Reference XLSX
27.43 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.

27/10/2021 ESMA42-110-812 Notifications of Compliance with Guidelines – Overview Table Reference XLSX
103.5 KB
25/10/2021 ESMA70-151-995 Key relevant provisions of the corporate or similar law of a Member State, under which securities are constituted Reference PDF
1.86 MB
15/10/2021 ESMA70-708036281-176 Public Register for the Clearing Obligation under EMIR Reference PDF
685.04 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 Market makers - XLS Market makers and authorised primary dealers who are using the exemption under the SSR- XLS Reference XLSX
39.23 KB
24/09/2021 ESMA70-156-4963 Letter- ESMA to EC on CSDR settlement discipline Letter PDF
191.34 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
15/09/2021 ETCM Third-country markets considered as equivalent to a regulated market under EMIR Reference PDF
64.92 KB
20/08/2021 ESMA70-152-348 List of third-country CCPs recognised to offer services and activities in the Union Reference PDF
411.13 KB
11/08/2021 Market makers - pdf Market makers and authorised primary dealers who are using the exemption under the SSR- PDF Reference PDF
484.04 KB
09/07/2021 ESMA70-156-4704_ Response Form_CP_RFRS Reference DOCX
750.35 KB
02/07/2021 ESMA42-646012687-331 ESMA Guidelines , Reference XLSX
62.93 KB
16/06/2021 ESMA20-95-1381 2020 Annual Report , , , Annual Report PDF
4 MB

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