[ESMA70-145-408 SSR Q&A, Q&A 5.6]

The net short position resulting from the calculation to be performed by an investor and expressed in percentage of the issued share capital of a particular issuer should be reported when a relevant notification threshold (e.g. for net short positions in shares: 0.2 %, 0.3 %, 0.4 %, 0.5 %, 0.6 %, etc.) is reached, exceeded or crossed downwards. In such case, the position to report should be rounded to the first two decimal places by truncating the other decimal places.

For instance, if the net short position is 0.3199 %, a notification is required and should indicate the 0.31% position.

However, for a net short position of 0.1987% of the issued share capital, no notification is required.