Exemption for market making activities and primary market operations under Regulation (EU) 236/2012 of the European Parliament and the Council on short selling and certain aspects of Credit Default Swaps

The purpose of these guidelines is to:
- Assist the notifying entity in the notification process, by specifying and describing the con-tent of the written notification and providing a template notification form;- Develop a common approach to submitting the notification form, assessing eligibility of the notifying entity’s activities for the exemption and monitoring of the conditions of eli-gibility once the exemption is used.
ESMA will consider responses it receives to this consultation and expects to adopt final guidelines in November 2012.