ESMA Publishes Further Update of Short Selling Regulation Questions and Answers

more+
less-
more+
less-
Explore:  ESMA EU Short Sales

On January 30, the European Securities and Markets Authority (ESMA) published a second updated version of its questions and answers EU Regulation on Short Selling and Certain Aspects of Credit Default Swaps (EU236/2012) (the Short Selling Regulation) (the Q&A). The purpose of the Q&A (first issued on September 13, 2012, and updated on October 10, 2012, as reported in the October 12, 2012, edition of Corporate and Financial Weekly Digest) is to promote common supervisory approaches and practices among national securities markets regulators on the requirements of the Short Selling Regulation.

A new section addresses several issues relating to the restriction on uncovered sovereign credit default swaps.

Key changes in the updated Q&A address:

  • The scope of the Short Selling Regulation, particularly the treatment of exchange-traded funds, American Depository Receipts and Global Depository Receipts;
  • Various points regarding the net short position calculations, particularly with respect to fund management group entities; and
  • Duration adjustment for calculating net short positions in sovereign debt.

Read more

 

 

Written by:

Published In:

EU

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Katten Muchin Rosenman LLP | Attorney Advertising

Don't miss a thing! Build a custom news brief:

Read fresh new writing on compliance, cybersecurity, Dodd-Frank, whistleblowers, social media, hiring & firing, patent reform, the NLRB, Obamacare, the SEC…

…or whatever matters the most to you. Follow authors, firms, and topics on JD Supra.

Create your news brief now - it's free and easy »

All the intelligence you need, in one easy email:

Great! Your first step to building an email digest of JD Supra authors and topics. Log in with LinkedIn so we can start sending your digest...

Sign up for your custom alerts now, using LinkedIn ›

* With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name.
×
Loading...
×
×