Regulatory Alerts2012-03-30
Final report on draft technical standards for Regulation (EU) No 236/2012 on short selling and credit default swaps
The European Securities and Markets Authority (ESMA) issued final draft regulatory and implementing technical standards to operationalize Regulation (EU) No 236/2012 on short selling and credit default swaps. These standards define specific arrangements for ensuring share availability, establish detailed notification and disclosure requirements for net short positions, and clarify the determination of principal trading venues. ESMA incorporated feedback from market participants to refine the scope of permissible borrowing agreements and the format of transparency reports while maintaining strict compliance with the legislative mandate.
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