ESMA · ESMA_QA_1951 Answer Published

Uncovered Credit Default Swap - Uncovered CDS restriction and protection seller

Regulation
Short Selling Regulation (SSR) Regulation (EU) No 236/2012
Topic
Other SSR-related topics
Submitted
2012-09-13
Answered
2012-09-13
More Q&As on this regulation →

Question

Do the restrictions on uncovered sovereign credit default swaps also apply to the protection seller?

Answer

[ESMA70-145-408 SSR Q&A, Q&A 11.1] No, the restriction on uncovered sovereign credit default swaps applies only to the protection buyer of a CDS.
View original on European Securities and Markets Authority ↗

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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