ESMA · ESMA_QA_1905 Answer Published

Change in a net short position already notified

Regulation
Short Selling Regulation (SSR) Regulation (EU) No 236/2012
Topic
Transparency of net short positions
Submitted
2012-10-10
Answered
2012-10-10
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Question

What to do when a net short position that has already be notified is changing?

Answer

[ESMA70-145-408 SSR Q&A, Q&A 5.7] A notification is required where the position reaches, exceeds or falls below a relevant notification threshold that equals 0.2 % of the issued share capital of the issuer concerned and each 0.1 % above that. If there is a change of net short position which remains within the relevant notification threshold, for which a notification has already been made, there is no requirement for a further notification, e.g. if first a notification threshold was reached and then exceeded. For example, if the first notified net short position is 0.30 % on a rounded basis and then that net position increases but remains below 0.4% (e.g. to 0.312% or 0.3989%), no further notification is required.
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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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