ESMA Publishes Notification Thresholds for Sovereign Issuers

Further to the regulation on short selling and certain aspects of credit default swaps, which is due to become effective on November 1st, the European Securities and Markets Authority has published an indicative list of thresholds applicable to sovereign issuers for the purposes of notification to competent authorities of significant net short positions in sovereign debt.  The finalized thresholds will be published by November 1, 2012. Interested entities that may hold notifiable short positions should check for regular updates of the table.

Lofchie Comment:  The question for US advisers and funds will be as how this, as well as the other EU short selling and position requirements, applies to them.

View list in full here (links externally to ESMA website).