ESMA_QA_1901
Topic
Transparency of net short positions
21/09/2023
Subject Matter
Notifications of net short positions existing prior to the application of the Regulation
Question
In Member States where a national transparency regime was already in place before the Regulation applies, do holders of existing short positions already notified to the concerned competent authority and/or publicly disclosed under that regime have to make new notifications and (if applicable) disclosures according to European regime?

If so, how should the “position date” field in the form be filled in if the threshold has been crossed before the entry into application of the Regulation?
Level 1 Regulation
Short Selling Regulation (SSR) Regulation (EU) No 236/2012
ESMA_QA_1718
Topic
Publication of prospectus
01/09/2023
Subject Matter
Scope of the word "shares" in certain exemptions from the obligation to publish a prospectus in Articles 1(4), 1(5) and 1(6) of the Prospectus Regulation.
Question
What is the meaning of the term "shares" in Articles 1(4), 1(5) and 1(6) of the Prospectus Regulation? More specifically, does this term include depository receipts for shares issued with the cooperation of the issuer of the underlying shares?
Level 1 Regulation
Prospectus Regulation 2017/1129
ESMA_QA_1716
Topic
Public offer
29/08/2023
Subject Matter
Application of Level 3 guidance to EU Recovery Prospectuses (Deleted 09/09/2026)
Question
Does the Level 3 guidance published by ESMA apply to the EU Recovery Prospectus? (Deleted 09/09/2026)
Level 1 Regulation
Prospectus Regulation 2017/1129
ESMA_QA_1715
Topic
Public offer
29/08/2023
Subject Matter
Advertisements
Question
How should the requirement to disseminate an amended advertisement through at least the same means as the previous advertisement (cf. Article 15(3) of Commission Delegated Regulation 2019/979) be applied when the advertisement in question is a roadshow?
Level 1 Regulation
Prospectus Regulation 2017/1129
ESMA_QA_1559
Topic
Non-equity transparency
10/08/2023
Subject Matter
Geographical scope of the temporary suspension of transparency
Question
Would the temporary suspension of transparency requirements apply to all the venues on which the class of instruments is traded or rather on venue-by-venue basis?
Level 1 Regulation
Markets in Financial Instruments Regulation (MiFIR) Regulation (EU) No 600/2014- Secondary Markets