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Date Ref. Title Section Type Download Info Summary Related Documents Translated versions
31/07/2020 Market makers - XLS Market makers and authorised primary dealers who are using the exemption under the SSR- XLS Reference XLSX
44.08 KB
31/07/2020 Market makers - pdf Market makers and authorised primary dealers who are using the exemption under the SSR- PDF Reference PDF
637.95 KB
22/07/2020 ESMA70-156-2187 Public Statement BMR transitional period- pending applications Reference PDF
127.64 KB
02/07/2020 Overview recruitments Overview recruitments- Updated July 2020 , Reference PDF
743.73 KB
17/04/2020 ESMA70-155-9524 ESMA BMR Equivalence MoU MAS , Reference PDF
584.97 KB
13/01/2020 ESMA31-62-1409 Compliance table GLs on Risk factors Reference PDF
144.99 KB
11/12/2019 ESMA70-154-1504 Briefing BMR Recognition application Reference PDF
91.65 KB
04/12/2019 ESMA31-59-1417 ESMA amendments to an RTS relating to the PR Reference PDF
283.48 KB
02/12/2019 esma31-62-1193 List of prospectus thresholds , , Reference PDF
221.54 KB
20/10/2019 ES IC1 ESMA-ASIC MoU on BMR Reference PDF
368.11 KB
12/07/2019 ESMA31-62-1333 Response form consultation on Guidelines on disclosure requirements under the Prospectus Regulation Reference DOCX
759.09 KB
24/01/2019 ESMA50-164-770 Links to national websites where net short positions in shares are disclosed Reference PDF
80.26 KB
31/10/2018 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.

23/08/2018 ESMA50-164-772 Links to the national websites explaining the procedures for notifications of net short positions Reference PDF
227 KB
18/12/2017 ESMA65-8-5306 Benchmarks attributes Reference PDF
229.87 KB
15/12/2017 ESMA31-62-802 reply form Response form- Consultation Paper on draft RTS under the new Prospectus Regulation Reference DOCX
772.18 KB
29/11/2017 ECB/ESMA/FSMA Risk Free Rate Working Group Application Form Reference DOCX
25.87 KB
29/09/2017 ESMA70-145-253 Response form for the Consultation Paper on Guidelines for non-significant benchmarks Reference DOCX
768.13 KB
06/07/2017 ESMA31-62-649 reply form Response form_Consultation Paper on EU Growth prospectus Reference DOCX
771.83 KB
06/07/2017 ESMA31-62-532 reply form Response form_Consultation Paper on format and content of the prospectus Reference DOCX
776.87 KB