ESMA Questions and Answers on Short Selling

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

On January 30, the European Securities and Markets Association (ESMApublished the second update to its questions and answers on the implementation of the Short Selling Regulation (the SSR). The Q&A document addressed questions posed by the general public, market participants and competent authorities with the aim of ensuring that competent supervisory authorities adopt common supervisory approaches and practices in the application of the European short selling regulatory regime. The Q&A document has been updated in respect of ESMA’s guidance on:

  • Question 1 – The scope of the SSR.

  • Question 3 – Calculating the net short position.

  • Question 4 – Duration adjustment for calculating net short positions in sovereign debt.

  • Question 5 – Net short positions when different entities in a group have long or short positions or for fund management activities.

  • Question 7 – Uncovered short sales.

In addition ESMA has added a new question 8 on uncovered sovereign credit default swaps.

 

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.

© Orrick - Structured Finance Group | 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...
×
×