2013-05-28

FSMA Circular on Practical Implementation of the European Short Selling Regulation and ESMA Guidelines

The Belgian Financial Services and Markets Authority (FSMA) issued Circular 2013_10 to elucidate the practical implementation of Regulation (EU) 236/2012 on short selling and credit default swaps. Market participants are required to notify significant net short positions in shares and Belgian or relevant EU sovereign issuers using the FSMA's online platform, with specific authorization procedures for users. Additionally, market makers and primary dealers must notify the FSMA of their intention to claim exemptions for market making activities and primary operations in accordance with ESMA guidelines.

Belgium

Financial Services and Markets Authority

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