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Date Ref. Title Section Type Download Info Summary Related Documents Translated versions
02/08/2021 Net short thresholds Net short position notification thresholds for sovereign issuers Reference XLSX
27.56 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.

02/08/2021 CFA IPI 27/07/2021 Call for advice to the European Securities and Markets Authority (ESMA) regarding certain aspects relating to retail investor protection Reference PDF
178.79 KB
02/08/2021 CFA PRIIPS 27/07/2021 Call for advice to the Joint Committee of the European Supervisory Authorities regarding the PRIIPs Regulation , Reference PDF
258.73 KB
26/07/2021 EC letter Q&Ss Letter from the EU Commission to ESA JC- Q&As , Letter PDF
199.38 KB
26/07/2021 C(2021) 4858 final Commission decision on Q&As to ESAs , Reference PDF
290.06 KB
26/07/2021 SFDR EC Q&A EC Q&A on sustainability-related disclosures , Q&A PDF
601.99 KB
23/07/2021 FISMA 08/07/2021 Letter from the EU Commission to EP and Council- SFDR , Letter PDF
288.48 KB
23/07/2021 ESMA32-334-419 Response to IFRS Foundation- Changes to the Constitution for a future ISSB , Letter PDF
159.18 KB
21/07/2021 ESMA35-43-2748 Public statement- Results of the 2020 Common Supervisory Action (CSA) on MiFID II suitability requirements Statement PDF
161.08 KB
19/07/2021 ESMA35-43-2751 Sanctions and measures imposed under MiFID II in 2020 Report PDF
383.39 KB
19/07/2021 ESMA35-36-2324 CP on Guidelines on certain aspects of the MiFID II remuneration requirements Consultation Paper PDF
624.54 KB
15/07/2021 ESMA71-99-1709 Press Release- ESMA SPACs statement , , Press Release PDF
91.75 KB
15/07/2021 ESMA32-384-5209 ESMA Public Statement SPACs , Statement PDF
151.59 KB
13/07/2021 ESMA35-43-2749 ESMA Public Statement PFOF and zero-commission brokers Statement PDF
130.24 KB
12/07/2021 ESMA74-362-1978 Final report Technical Advice to EC on simplification and harmonisation of fees to TRs under EMIR and SFTR , , , Final Report PDF
278.42 KB
09/07/2021 ESMA35-42-1186 Letter to Commissioner McGuinness- European Crowdfunding Service Providers for Business Letter PDF
253.15 KB
02/07/2021 ESMA35-36-2319 Final Report on joint ESMA and EBA GL on the assessment of suitability of members of the management body Final Report PDF
883.62 KB
02/07/2021 ESMA35-36-2319 Annex I Joint ESMA and EBA GL on the assessment of suitability of members of the management body Reference XLSX
70.83 KB
14/06/2021 ESMA30-379-602 Terms of Reference CNS Reference PDF
129.91 KB
10/06/2021 JC 2021 39 Final report- Draft ITS ECAIs mapping under Solvency II Final Report PDF
596.92 KB

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