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ESMA Renews Reduction of EU SSR Limit

Posted by Ross Murray on Sep 17, 2020

ESMA has renewed its decision requiring net short position holders to report positions of 0.1% and above.

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Yesterday, after inquiring with ESMA about the possible extension of the lower (0.1%) EU Short Selling disclosure threshold, they indicated via email that this would not be extended. We deployed a new version of the rules in Rapptr so that positions would calculated on this basis for trading day 18 September 2020.

After a consultation, ESMA made an announcement this morning (17 September), extending the 0.1% Short Selling restriction for a further three months. Within hours of the announcement, we had made the relevant changes to Rapptr, ensuring our clients positions are correctly calculated against the 0.1% threshold and informed all of our clients about the changes.

Transparency with our clients and the ability to quickly adapt to regulatory change have always been features of our service at FundApps and are among the reasons we continue to be trusted with their Shareholding Disclosure automation.

Fancy saving yourself the worry and instead having a system which is automatically updated with the latest rules? Then get in touch!

Topics: Short Selling