The European Securities and Markets Authority (ESMA) has extended the temporary reporting obligation for net short positions of 0.1% or more that was issued on 16 March 2020 for a further three months as of 17 June 2020. This reporting requirement affects shares traded on a European Union regulated market with the generally existing reporting threshold remaining at the reduced level of 0.1% of the issued share capital rather than 0.2%. The reporting threshold does not apply for shares, whose principle venue for trading is located in a third country outside the European Union, as well as for market making or stabilisation activities. This transparency measure applies to every natural or legal person, irrespective of whether their country of residence being inside or outside of the European Union. Positions are required to be reported to the competent national supervisory authority – for the Vienna Stock Exchange (Wiener Börse) this is the FMA.
Protecting Investors and Financial Market Stability
This measure serves to provide supervisory authorities during the Corona crisis with as narrow and suitable observation of market developments, in order to be able as necessary to impose even stricter measures to protect the financial markets as well as investors.
ESMA, together with the national securities and markets supervision authorities will do everything necessary to ensure the orderly functioning and stability of the markets and therefore to also ensure confidence in them.
The ESMA release can be found via the following Link.
Journalists may address further enquiries to:
Klaus Grubelnik (FMA Media Spokesperson)
+43/(0)1/24959-6006
+43/(0)676/882 49 516