The European Securities and Markets Authority (ESMA) imposes reporting obligation on net short positions of 0.1% and higher.
The European Securities and Markets Authority (ESMA) has reduced the threshold for the reporting obligation for holders of net short positions in shares traded on a European Union regulated market from 0.2% to 0.1% of the issued share capital from today. The new reporting threshold enters into force immediately following its publication on the ESMA website. It 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 temporary 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.
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 of the markets as well as their stability and therefore to also ensure confidence in them.
Journalists may address further enquiries to:
Klaus Grubelnik (FMA Media Spokesperson)
+43/(0)676 882 49 516