SSR

• SSR
  • Recital
  • CHAPTER I GENERAL PROVISIONS
    • Article 1 Scope

      Q&A
    • Article 2 Definitions

      GL

      Q&A

      DA

      Q&A
    • Article 3 Short and long positions

      Q&A

      DA

      DA

      Q&A
    • Article 4 Uncovered position in a sovereign credit default swap

      Q&A

      DA

      Q&A
  • CHAPTER II TRANSPARENCY OF NET SHORT POSITIONS
    • Article 5 Notification to competent authorities of significant net short positions in shares

      Q&A

      DA

      OP
    • Article 6 Public disclosure of significant net short positions in shares

      Q&A
    • Article 7 Notification to competent authorities of significant net short positions in sovereign debt

      DA

      Q&A
    • Article 8 Notification to competent authorities of uncovered positions in sovereign credit default swaps

      Q&A
    • Article 9 Method of notification and disclosure

      Q&A

      ITS

      RTS

      Q&A
    • Article 10 Application of notification and disclosure requirements

      Q&A
    • Article 11 Information to be provided to ESMA

      RTS

      Q&A

      ITS

      Q&A
  • CHAPTER III UNCOVERED SHORT SALES
    • Article 12 Restrictions on uncovered short sales in shares

      Q&A

      ITS
    • Article 13 Restrictions on uncovered short sales in sovereign debt

      Q&A

      DA

      ITS

      Q&A
    • Article 14 Restrictions on uncovered sovereign credit default swaps
  • CHAPTER IV EXEMPTIONS
    • Article 16 Exemption where the principal trading venue is in a third country

      RTS

      Q&A

      ITS

      Q&A
    • Article 17 Exemption for market making activities and primary market operations

      GL

      Q&A
  • CHAPTER V POWERS OF INTERVENTION OF COMPETENT AUTHORITIES AND OF ESMA
    • SECTION 1 Powers of competent authorities
      • Article 18 Notification and disclosure in exceptional circumstances
      • Article 19 Notification by lenders in exceptional circumstances
      • Article 20 Restrictions on short selling and similar transactions in exceptional circumstances
      • Article 21 Restrictions on sovereign credit default swap transactions in exceptional circumstances
      • Article 22 Measures by other competent authorities
      • Article 23 Power to restrict short selling of financial instruments temporarily in the case of a significant fall in price

        RTS

        DA

        Q&A
      • Article 24 Period of restrictions
      • Article 25 Notice of restrictions
      • Article 26 Notification to ESMA and other competent authorities
    • SECTION 2 Powers of ESMA
      • Article 27 Coordination by ESMA

        OP

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      • Article 28 ESMA intervention powers in exceptional circumstances
      • Article 29 ESMA’s powers in emergency situations relating to sovereign debt
      • Article 30 Further specification of adverse events or developments

        DA

        Q&A
      • Article 31 Inquiries by ESMA
  • CHAPTER VI ROLE OF COMPETENT AUTHORITIES
    • Article 32 Competent authorities
    • Article 33 Powers of competent authorities
    • Article 34 Professional secrecy
    • Article 35 Obligation to cooperate
    • Article 36 Cooperation with ESMA
    • Article 37 Cooperation in case of request for on-site inspections or investigations
    • Article 38 Cooperation with third countries
    • Article 39 Transfer and retention of personal data
    • Article 40 Disclosure of information to third countries
    • Article 41 Penalties

      Q&A
  • CHAPTER VII DELEGATED ACTS
    • Article 42 Exercise of the delegation
    • Article 43 Deadline for the adoption of delegated acts
  • CHAPTER VIII IMPLEMENTING ACTS
    • Article 44 Committee procedure
  • CHAPTER IX TRANSITIONAL AND FINAL PROVISIONS
    • Article 45 Review and report
    • Article 46 Transitional provision

      Q&A
    • Article 47 Staff and resources of ESMA
    • Article 48 Entry into force