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Date Ref. Title Section Type Download Info Summary Related Documents Translated versions
01/02/2019 ESMA33-128-474 Annex 8 Securitisation ANNEX8_UNDERLYING_EXPOSURES–LEASING Reference XLSX
22.75 KB
01/02/2019 ESMA33-128-474 Annex 7 Securitisation ANNEX7_UNDERLYING_EXPOSURES–CREDIT_CARDS Reference XLSX
17.82 KB
01/02/2019 ESMA33-128-474 Annex 6 Securitisation ANNEX6_UNDERLYING_EXPOSURES–CONSUMER Reference XLSX
21.21 KB
01/02/2019 ESMA33-128-474 Annex 5 Securitisation ANNEX5_UNDERLYING_EXPOSURES–AUTOMOBILE Reference XLSX
22.61 KB
01/02/2019 ESMA33-128-474 Annex 4 Securitisation ANNEX4_UNDERLYING_EXPOSURES–CORPORATE Reference XLSX
27.82 KB
01/02/2019 ESMA33-128-474 Annex 3 Securitisation ANNEX3_UNDERLYING_EXPOSURES–COMMERCIAL_REAL_ESTATE Reference XLSX
42.68 KB
01/02/2019 ESMA33-128-474 Annex 2 Securitisation ANNEX2_UNDERLYING_EXPOSURES–RESIDENTIAL_REAL_ESTATE Reference XLSX
27.04 KB
31/01/2019 ESMA33-128-600 ESMA Opinion on securitisation RTS Opinion PDF
4.02 MB
24/01/2019 ESMA50-164-770 Links to national websites where net short positions in shares are disclosed Reference PDF
80.26 KB
11/01/2019 ESMA33-128-577 Statement on Securitisation implementation Statement PDF
324.46 KB
08/01/2019 ESMA33-128-619 Letter to EC on regulatory cooperation under the Securitisation Regulation Letter PDF
118.61 KB
08/01/2019 ESMA33-128-557 Final report on draft technical standards on cooperation, exchange of information and notification between competent authorities and ESMA, the EBA and EIOPA under the Securitisation Regulation Final Report PDF
609.03 KB
18/12/2018 fisma.01/РР/ rv/ (2018) 6771757 European Commission letter to ESMA on draft RTS and ITS securitisation disclosures Letter PDF
139.27 KB
On Friday 14 December 2018, the European Securities and Markets Authority (ESMA) received a letter from the European Commission regarding the draft regulatory and implementing technical standards on securitisation disclosures submitted by ESMA on 22 August 2018.
 
The letter states that the Commission intends to endorse those draft regulatory and implementing technical standards only once certain amendments are introduced.
10/12/2018 ESMA33-128-585 STS Reporting Instructions Reference PDF
456.26 KB
13/11/2018 ESMA33-128-505 Final Technical Advice Securitisation Repositories Fees Technical Advice PDF
570.74 KB
13/11/2018 ESMA33-128-488 Final Report Repositories Technical Standards Final Report PDF
1.55 MB
31/10/2018 Net short thresholds Net short position notification thresholds for sovereign issuers Reference XLSX
27.23 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.

05/09/2018 ESMA70-151-1651 On the European Commission’s proposed amendments to SFTR Opinion PDF
405.72 KB
29/08/2018 ESMA33-128-523 Steven Maijoor Securitisation ECON Scrutiny Opening Statement , Speech PDF
228.13 KB
23/08/2018 ESMA50-164-772 Links to the national websites explaining the procedures for notifications of net short positions Reference PDF
227 KB