ESMA_QA_1905
Status: ✅ Answer Published
Link to ESMA Q&A tool: https://www.esma.europa.eu/publications-data/questions-answers/1905
Regulatory Context
Regulation : SSR
Level 1 Regulation: Short Selling Regulation (SSR) Regulation (EU) No 236/2012
Level 2 Regulation: No information available
Level 3 Regulation: No information available
Topic: Transparency of net short positions
Subject Matter: Change in a net short position already notified
Question
Submission Date: 10 October 2012
What to do when a net short position that has already be notified is changing?
ESMA Answer
Answer Date: 10-10-2012
[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.
This document was automatically extracted from the ESMA EMIR Q&A database.