Short Selling: ESMA Questions and Answers


On October 10, ESMA published a first update to its Questions and Answers on the implementation of the Regulation on short selling and certain aspects of credit default swaps (the Short Selling Regulation). ESMA’s Questions and Answers provides responses to questions posed by market participants and regulatory authorities, with the aim of promoting the consistent application of the Short Selling Regulation throughout Europe. The Questions and Answers have been updated in respect of questions related to:

  • the transparency of net short positions;
  • calculating the net short position;
  • uncovered short sales;
  • the duration adjustment for calculating net short positions in sovereign debt;
  • net short positions when different entities in a group have long or short positions or for fund management activities; and
  • exemption for market making activities and for primary dealers operations.


Written by:


Orrick - Structured Finance Group on:

JD Supra Readers' Choice 2016 Awards
Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:

Sign up to create your digest using LinkedIn*

*By using the service, you signify your acceptance of JD Supra's Privacy Policy.

Already signed up? Log in here

*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. Or, sign up using your email address.