ESMA LIBRARY

The ESMA Library contains all ESMA documents. Please use the search and filter options to find specific documents.
214
DOCUMENTS

REFINE YOUR SEARCH

Sections

Type of document

Your filters
MiFID - Investor Protection X Benchmarks X Management Board X Short Selling X IAS Regulation X Corporate Information X Reference X Report X Summary of Conclusions X
Reset all filters
Date Ref. Title Section Type Download Info Summary Related Documents Translated versions
22/01/2019 ESMA22-106-1604 Summary of Conclusions Management Board meeting 17 December 2018 Summary of Conclusions PDF
139.16 KB
06/12/2018 ESMA22-106-1391 Summary of Conclusions Management Board meeting 6 November 2018 Summary of Conclusions PDF
149.09 KB
13/11/2018 ESMA35-43-1206 MiFID II Supervisory Briefing on Suitability Reference PDF
557.16 KB
07/11/2018 ESMA22-106-1339 Summary of Conclusions Management Board meeting 25 September 2018 Summary of Conclusions PDF
235.38 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.

31/10/2018 ESMA20-92-103 ESMA Staff Stakeholder contacts in the Third Quarter 2018 Reference PDF
428.49 KB
03/10/2018 ESMA20-95-933 2019 Work Programme , , Reference PDF
470.98 KB
01/10/2018 ESMA35-43-1391 Notice of ESMA’s Product Intervention Renewal Decision in relation to binary options Reference PDF
98.36 KB
enenenenenenenenenenenenenenenenenenenenenen
27/09/2018 ESMA22-106-1079 Summary of Conclusions Management Board meeting 10 July 2018 Summary of Conclusions PDF
246.68 KB
30/08/2018 ESMA20-92-95 ESMA Staff Stakeholder contacts in the Second Quarter 2018 Reference PDF
329.99 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
21/08/2018 ESMA02-91-1957 Audit Opinion on ESMA Final Accounts Financial Year 2017 , Reference PDF
937.4 KB
24/07/2018 ESMA42-111-4653 Follow-up Report to the Peer Review on MiFID Suitability Requirements Report PDF
435.05 KB
17/07/2018 ESMA32-51-522 ESMA response to the European Commission consultation on the Fitness Check on the EU Framework for public reporting by companies , Report PDF
625.18 KB
16/07/2018 ESMA22-106-1021 Summary of Conclusions Management Board meeting 23 May 2018 Summary of Conclusions PDF
179.28 KB
01/06/2018 ESMA35-43-1135 Notice of ESMA's Product Intervention Decisions on CFDs and binary options , Reference PDF
241.42 KB
bgcsdadeelesetfifrhrhuitltlvmtnlplptroskslsv
01/06/2018 ESMA50-162-215 Product Intervention Analysis CFDs , Report PDF
1.26 MB
01/06/2018 ESMA50-162-214 Product Intervention Analysis Binary Options , Report PDF
776.15 KB
18/05/2018 ESMA35-30-643 IPISC Terms of Reference Reference PDF
152.35 KB
04/05/2018 ESMA20-92-92 ESMA Staff Stakeholder contacts in the First Quarter 2018 Reference PDF
145.32 KB