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Date Ref. Title Section Type Download Info Summary Related Documents Translated versions
25/05/2022 ESMA71-102-173 ESMA Q&As- list of questions currently under development Reference XLSX
131.5 KB
20/05/2022 ESMA65-8-6560 Technical Reporting Instructions- CSDR Article 9- Internalised Settlement Reporting Reference PDF
1.75 MB
20/05/2022 ESMA65-8-7109 Technical Reporting Instructions CSDR Article 7 – Settlement Fails Reporting Reference PDF
1018.94 KB
19/05/2022 Market makers - XLS Market makers and authorised primary dealers who are using the exemption under the SSR- XLS Reference XLSX
40.34 KB
19/05/2022 Market makers - pdf Market makers and authorised primary dealers who are using the exemption under the SSR- PDF Reference PDF
449.2 KB
13/05/2022 ESMA42-110-812 Notifications of Compliance with Guidelines – Overview Table Reference XLSX
131.17 KB
13/05/2022 Net short thresholds Net short position notification thresholds for sovereign issuers Reference XLSX
26.5 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.

12/05/2022 ESMA70-151-887 CSDR List of relevant authorities- Article 12 Reference PDF
301.23 KB
02/05/2022 ESMA70-155-11635 CSD Register Reference PDF
1.19 MB
29/04/2022 ESMA42-646012687-331 ESMA Guidelines , Reference XLSX
66.09 KB
25/04/2022 ESMA70-151-2218 Public Register for the Clearing Obligation under EMIR Reference PDF
678.85 KB
11/04/2022 ESMA70-447-1897 CSDR Settlement Fails Reporting- List of SSS IDs and SSS Names Reference XLSX
31.1 KB
05/04/2022 ESMA91-372-2125 Letter Chair ESMA response to EC consultation on targeted EMIR Review , Letter PDF
309.82 KB
25/03/2022 ESMA70-152-348 List of third-country CCPs recognised to offer services and activities in the Union Reference PDF
425.53 KB
01/02/2022 ESMA70-451-110 Letter to the EC- Clearing obligation for PSAs Letter PDF
306.49 KB
31/01/2022 ESMA70-156-5292 Trading Venues with the Highest Turnover for Bonds Reference XLSX
2.18 MB
14/01/2022 ESMA70-151-3061 Methodology for Mandatory Peer Reviews in relation to CCPs’ authorisation and supervision under EMIR , Reference PDF
339.83 KB
20/12/2021 ESMA70-156-5257 Trading Venues with the Highest Turnover for Bonds- for CSDR Cash Penalties Calculation [TEMPLATE] Reference XLSX
3.26 MB
20/12/2021 ESMA65-8-6905 CSDR7 Settlements Fails XML Schema Reference ZIP
451.11 KB
17/12/2021 ESRB/2021/0104 Redacted ESRB response letter to ESMAs consultation , , Reference PDF
4.11 MB

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