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|Date||Ref.||Title||Section||Type||Download||Info||Summary||Related Documents||Translated versions|
|25/05/2020||Market makers - XLS||Market makers and authorised primary dealers who are using the exemption under the SSR- XLS||Short Selling||Reference||XLSX
|17/04/2020||Market makers - pdf||Market makers and authorised primary dealers who are using the exemption under the SSR- PDF||Short Selling||Reference||PDF
|15/04/2020||ESMA71-99-1318||ESMA issues positive opinions on short selling bans by 5 jurisdictions||COVID-19, Market Integrity, Press Releases, Short Selling||Press Release||PDF
|16/03/2020||ESMA71-99-1291||ESMA requires net short position holders to report positions of 0.1% and above||COVID-19, Market Integrity, Press Releases, Short Selling||Press Release||PDF
|16/05/2019||ESMA34-45-712||Verena Ross- ICMA 2019 conference speech||Benchmarks, Brexit, MiFID II: Transparency Calculations and DVC, Speeches||Speech||PDF
|24/01/2019||ESMA50-164-770||Links to national websites where net short positions in shares are disclosed||Short Selling||Reference||PDF
|31/10/2018||Net short thresholds||Net short position notification thresholds for sovereign issuers||Short Selling||Reference||XLSX
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:
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.
|23/08/2018||ESMA50-164-772||Links to the national websites explaining the procedures for notifications of net short positions||Short Selling||Reference||PDF
|22/02/2018||ESMA70-145-441||ECON scrutiny session Short Selling Regulation Verena Ross||Short Selling||Speech||PDF
|22/12/2017||ESMA50-164-677||FAQs on MiFID II- Transitional Transparency Calculations||MiFID - Secondary Markets, MiFID II: Transparency Calculations and DVC||Reference||PDF
|06/12/2017||ESMA50-164-1173||Press Release MiFID/MAR Transitional Transparency Calculations||Market Abuse, Market Integrity, MiFID - Secondary Markets, MiFID II: Transparency Calculations and DVC, Press Releases||Press Release||PDF
|06/12/2017||ESMA71-99-669||ESMA MIFID and MAR Data Systems||Market Abuse, Market Integrity, MiFID - Secondary Markets, MiFID II: Transparency Calculations and DVC||Reference||PDF
|16/10/2017||ESMA65-8-5046||FIRDS- Instructions on access and download of full and delta reference data files||ITMG, Market Integrity, MiFID - Secondary Markets, MiFID II: Transparency Calculations and DVC||Reference||PDF
|01/02/2016||2016/200||MiFID registers- information about web service||Short Selling, MiFID - Secondary Markets||Reference||PDF
This document sets out the web service for the following registers:
Shares admitted to trading on regulation markets
Multilateral trading facilities
|12/09/2015||SSR sanctions||Administrative measures and sanctions applicable in Member States to infringements of the Short Selling Regulation (SSR)||Short Selling||Reference||PDF
|03/06/2013||2013/649||ESMA publishes review on impact of short selling regulation||Short Selling, Press Releases||Press Release||PDF
The European Securities and Markets Authority has published its Technical Advice 2013/evaluating the impact of the Regulation on short selling and certain aspects of credit default swaps (Regulation) on European financial markets. Press release Final Report 2013/614—ESMA‘s technical advice on the evaluation of the Regulation (EU) 236/2012 of the European Parliament and of the Council on short selling and certain aspects of credit default swaps
|12/02/2013||2013/214||ESMA seeks feedback for review of the Short Selling Regulation||Short Selling, Press Releases||Press Release||PDF
|01/02/2013||2013/167||ESMA issues guidelines on market-making and primary dealer exemptions||Short Selling, Press Releases||Press Release||PDF
|10/12/2012||ESMA SSR Review mandate||Formal request to ESMA for technical advice on the evalutation of the short selling regulation||Short Selling||Reference||PDF