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Date Ref. Title Section Type Download Info Summary Related Documents Translated versions
02/12/2020 ESMA22-103-1194 Keynote address – CMU and current challenges- Verena Ross, International Investors Conference Frankfurt , , , , Speech PDF
155.85 KB
30/11/2020 ESMA-50-165-1355 ASR on EU Securities markets- 2020 Report PDF
1.69 MB

This document has been updated on 30 November 2020 to include footnotes indicating the cut off date for the reference and transparency data used as a basis for certain analyses.

27/11/2020 ESMA70-156-300 Public Register for the Trading Obligation for derivatives under MiFIR Reference PDF
199.66 KB
26/11/2020 ESMA74-362-991 Response Form CP DRSP Fees , , Reference DOCX
760.67 KB
25/11/2020 ESMA71-99-1443 PR DTO Final Position , , Press Release PDF
82.15 KB
25/11/2020 70-155-8842 ESMA statement on DTO Final , Statement PDF
79.5 KB
23/11/2020 ESAs 2020 20 Statement ESAs propose to adapt the EMIR implementation timelines- intragroup transactions, equity options and novations to EU counterparties Statement PDF
31.24 KB
23/11/2020 ESMA70-156-3883 Final report on the Clearing Obligation (intragroups and novations) Final Report PDF
356.21 KB
23/11/2020 ESAs 2020 20 Final Report- Bilateral margin amendments (intragroup equity options and novations) Final Report PDF
401.96 KB
20/11/2020 ESMA WP-2020-04 ESMA working paper on HFT and ghost liquidity Report PDF
631.62 KB
20/11/2020 ESMA74-362-837 CP on DRSP fees , , Consultation Paper PDF
526.22 KB
20/11/2020 ESMA74-362-932 CP on DRSP criteria for derogation , , Consultation Paper PDF
384.54 KB
19/11/2020 Market makers - XLS Market makers and authorised primary dealers who are using the exemption under the SSR- XLS Reference XLSX
44.29 KB
19/11/2020 Market makers - pdf Market makers and authorised primary dealers who are using the exemption under the SSR- PDF Reference PDF
502.23 KB
18/11/2020 ESMA70-151-2767 Designated Payment and Securities Settlement Systems Reference PDF
421.37 KB
18/11/2020 ESMA71-99-1437 ESMA publishes first overview of the size and structure of EU securities markets Press Release PDF
93.67 KB
18/11/2020 Net short thresholds Net short position notification thresholds for sovereign issuers Reference XLSX
27.35 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.

16/11/2020 ESMA71-99-1436 EU derivative clearing showed strong growth in 2019 Press Release PDF
94.57 KB
16/11/2020 ESMA50-165-1362 ASR on EU derivatives markets- 2020 , Report PDF
1.88 MB
13/11/2020 ESMA22-106-2993 SMSG advice on Sustainability Templates , SMSG Advice PDF
184.15 KB

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