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Date Ref. Title Section Type Download Info Summary Related Documents Translated versions
09/11/2018 ESMA70-156-785 Reply form Reply form for the Call for evidence on periodic auctions for equity instruments Reference DOCX
772.02 KB
09/11/2018 ESMA70-156-785 Call for evidence periodic auctions for equity instruments Reference PDF
537.4 KB
07/11/2018 ESMA65-11-1194 FIRDS Reference Data XML Schema 1.1.0 Reference ZIP
44.43 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.

05/10/2018 ESMA70-155-2938 Opinion on position limits on Swiss Power Base contracts Opinion PDF
350.53 KB
05/10/2018 ESMA70-155-1538 Opinion on position limits on UK Natural Gas contracts Opinion PDF
479.8 KB
05/10/2018 ESMA70-155-2931 Opinion on position limits on Phelix DE/AT Base Power contract Opinion PDF
530.49 KB
02/10/2018 ESMA70-154-884 Opinion on the ancillary activity calculations Opinion
23/08/2018 ESMA50-164-772 Links to the national websites explaining the procedures for notifications of net short positions Reference PDF
227 KB
08/08/2018 ESMA70-151-1462 ESMA70-151-1462 Communication on clearing and trading obligation for PF Reference PDF
123.91 KB
13/07/2018 ESMA70-156-471 Response form for the Consultation Paper on the Amendment to RTS 11 (ESMA70-156-357) Reference DOCX
772.08 KB
29/05/2018 ESMA65-8-4678 MiFIR Reporting Instructions Log of Changes Reference XLSX
24.18 KB
23/05/2018 ESMA70-154-576 CDTF Terms of Reference Reference PDF
201.01 KB
22/05/2018 ESMA70-155-3509 Opinion on position limits on ICE Low Sulphur Gasoil 1st Line contracts Opinion PDF
541.46 KB
18/05/2018 ESMA70-154-555 SMSC Terms of Reference Reference PDF
209.92 KB
19/04/2018 ESMA 32-63-427 22nd Extract from the EECS’s Database of Enforcement Reference PDF
616 KB
26/03/2018 ESMA70-155-4809 List of trading venues and CCPs benefiting from a transitional exemption from the access provisions under Article 54(2) of MiFIR Reference PDF
139.42 KB
21/03/2018 ESMA70-156-322 ESMA opinion on package orders' trading obligation under MiFID II Opinion PDF
173.17 KB
23/01/2018 ESMA70-156-275RF Reply Form to ESMA70-156-275 Reference DOCX
763.24 KB
08/01/2018 20180103 Overview of MiFID II position management controls Reference XLSX
11.24 KB