ESMA_QA_1906
13/09/2012
Subject Matter
Shares in funds
Original question
Do shares in funds have to be taken into account when calculating net short positions?
ESMA Answer
08-10-2026
Original language
[ESMA70-145-408 SSR Q&A, Q&A 6.1]
Shares in funds which are managed on a discretionary basis by a management entity are not required to be taken into account since the calculation takes place at fund or fund manager level.
Status: Answer Published
Additional Information
Level 1 Regulation
Short Selling Regulation (SSR) Regulation (EU) No 236/2012
Topic
Determination of net short position