ESMA · ESMA_QA_1900 Answer Published

Trading days to use for the notifications or disclosures

Regulation
Short Selling Regulation (SSR) Regulation (EU) No 236/2012
Topic
Transparency of net short positions
Submitted
2012-09-13
Answered
2012-09-13

Question

Which trading days should be used for the purpose of the timetable for making a notification or disclosure?

Answer

[ESMA70-145-408 SSR Q&A, Q&A 5.2] The time specified in Article 9(2) of the Regulation for the notification (i.e. not later than 15:30h of the following trading day) is the one of the Member State of the relevant competent authority (RCA) for the purpose of notification. By analogy, it is assumed that the trading days would be the one of the Member State of the RCA for the purpose of the notification.

This Q&A is published by European Securities and Markets Authority and is non-binding. It does not constitute legal advice. Updated weekly from official ESA sources.

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