The Regulation (EU) No 236/2012 of the European Parliament and of the Council of 14 March 2012 on short selling and certain aspects of credit default swaps (SSR) applies to people undertaking short selling of shares, sovereign debt, sovereign CDS and related instruments that are admitted to trading or traded on an EEA trading venue (unless they are primarily traded on a third country venue).

The SSR requires holders of net short positions in shares or sovereign debt to make notifications once certain thresholds have been breached.

CSSF Short Selling Platform

The CSSF Short Selling Platform allows the notification of significant net short or uncovered positions (where the CSSF is the relevant competent authority) as well as the publication and the consultation of details on certain significant net short positions in accordance with the SSR.

Platform access

Documentation

Laws, regulations and directives

Other reference texts

Guidance

Publications

  • Updated on 12 March 2012 List of issuers of shares and issuers of sovereign debt
    For which the CSSF is the relevant competent authority under Regulation (EU) No 236/2012 of the European Parliament and of the Council of 14 March 2012 on short selling and certain aspects of credit default swaps
    List
  • 16 March 2020 ESMA requires net short position holders to report positions of 0.1% and above
    Communiqué

Contact

Short selling team
Last update: 04 May 2020