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Date Ref. Title Section Type Download Info Summary Related Documents Translated versions
04/10/2022 ESMA50-165-2251 TRV article- Crypto-assets and their risks for financial stability , Report PDF
540.21 KB
27/09/2022 ESMA70-460-111 Report on the DLT Pilot Regime , Report PDF
680.69 KB
26/09/2022 Market makers - pdf Market makers and authorised primary dealers who are using the exemption under the SSR- PDF Reference PDF
448.7 KB
01/09/2022 ESMA50-164-5210 Compliance table on Guidelines on outsourcing to cloud service providers , Compliance table PDF
178.77 KB
16/08/2022 Market makers - XLS Market makers and authorised primary dealers who are using the exemption under the SSR- XLS Reference XLSX
40.76 KB
04/08/2022 Net short thresholds Net short position notification thresholds for sovereign issuers Reference XLSX
26.41 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.

22/07/2022 BoA-D-2022-01 Board of Appeal of the ESAs- Decision on C vs EBA Decision PDF
790.75 KB
21/07/2022 ESMA71-99-1986 Press Release- ESMA finds NCAs' scrutiny and approval of prospectuses satisfactory , Press Release PDF
110.6 KB
21/07/2022 ESMA42-111-7170 Final Report- Prospectus Peer Review Final Report PDF
2.01 MB
20/07/2022 SSR sanctions Administrative measures and sanctions applicable in Member States to infringements of the Short Selling Regulation (SSR) Reference PDF
372.65 KB
11/07/2022 ESMA70-460-117 Response Form- Consultation Paper on guidelines on standard forms, formats and templates to apply for permission to operate a DLT market infrastructure , Reference DOCX
752.81 KB
11/07/2022 ESMA70-460-34 Consultation Paper on Guidelines on standard forms, formats and templates to apply for permission to operate a DLT market infrastructure , Consultation Paper PDF
998.27 KB
08/07/2022 JC 2022 32 Mandate of the European Supervisory Authorities’ Joint Committee Sub-Committee on Digital Operational Resilience , Reference PDF
586.3 KB
08/07/2022 ESMA32-384-5422 Public Statement_ Prospectus supervision in the context of EU sanctions connected to RU’s invasion of UA Statement PDF
241.41 KB
01/07/2022 ESMA31-67-535 Practical Guide on notifications of major holdings under the Transparency Directive , , Reference PDF
1 MB
01/06/2022 ESMA70-445-442 Verena Ross FESE Convention Speech, 1 June 2022 , , Speech PDF
217.79 KB
01/06/2022 ESMA50-164-770 Links to national websites where net short positions in shares are disclosed Reference PDF
97.14 KB
12/05/2022 ESMA70-445-372 Verena Ross' ISDA keynote speech – ESMA’s priorities for transparency , Speech PDF
177.57 KB
12/05/2022 ESMA WP-2022-02 ESMA working paper on Financial stability risks from cloud outsourcing Reference PDF
746.79 KB
02/05/2022 ESMA82-402-859 Response form for the Joint Consultation Paper concerning sustainable disclosures for STS securitisations Reference DOCX
504.18 KB

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