icon-grid
Better Regulation logo
Table of Contents

Table of Contents

Expand all headings Collapse all headings Expand side bar Collapse side bar
Regulation 236/2012/EU - Short Selling Regulation (SSR)RecitalsChapter I General Provisions (arts. 1-4)Article 1 ScopeArticle 2 DefinitionsArticle 3 Short and long positionsArticle 4 Uncovered position in a sovereign credit default swapChapter II Transparency of net short positions (arts. 5-11)Article 5 Notification to competent authorities of significant net short positions in sharesArticle 6 Public disclosure of significant net short positions in sharesArticle 7 Notification to competent authorities of significant net short positions in sovereign debtArticle 8 Notification to competent authorities of uncovered positions in sovereign credit default swapsArticle 9 Method of notification and disclosureArticle 10 Application of notification and disclosure requirementsArticle 11 Information to be provided to ESMAArticle 11a Accessibility of information on the European single access pointChapter III Uncovered short sales (arts. 12-15)Article 12 Restrictions on uncovered short sales in sharesArticle 13 Restrictions on uncovered short sales in sovereign debtArticle 14 Restrictions on uncovered sovereign credit default swapsArticle 15 Buy-in proceduresChapter IV Exemptions (arts. 16-17)Article 16 Exemption where the principal trading venue is in a third countryArticle 17 Exemption for market making activities and primary market operationsChapter V Powers of Intervention of competent authorities and of ESMA (arts. 18-31)Section 1 Powers of competent authorities (arts. 18-26)Article 18 Notification and disclosure in exceptional circumstancesArticle 19 Notification by lenders in exceptional circumstancesArticle 20 Restrictions on short selling and similar transactions in exceptional circumstancesArticle 21 Restrictions on sovereign credit default swap transactions in exceptional circumstancesArticle 22 Measures by other competent authoritiesArticle 23 Power to restrict short selling of financial instruments temporarily in the case of a significant fall in priceArticle 24 Period of restrictionsArticle 25 Notice of restrictionsArticle 26 Notification to ESMA and other competent authoritiesSection 2 Powers of ESMA (arts. 27-31)Article 27 Coordination by ESMAArticle 28 ESMA intervention powers in exceptional circumstancesArticle 29 ESMA's powers in emergency situations relating to sovereign debtArticle 30 Further specification of adverse events or developmentsArticle 31 Inquiries by ESMAChapter VI Role of competent authorities (arts. 32-41)Article 32 Competent authoritiesArticle 33 Powers of competent authoritiesArticle 34 Professional secrecyArticle 35 Obligation to cooperateArticle 36 Cooperation with ESMAArticle 37 Cooperation in case of request for on-site inspections or investigationsArticle 38 Cooperation with third countriesArticle 39 Transfer and retention of personal dataArticle 40 Disclosure of information to third countriesArticle 41 PenaltiesChapter VII Delegated Acts (arts. 42-43)Article 42 Exercise of the delegationArticle 43 Deadline for the adoption of delegated actsChapter VIII Implementing Acts (art. 44)Article 44 Committee procedureChapter IX Transitional and final provisions (arts. 45-48)Article 45 Review and reportArticle 46 Transitional provisionArticle 47 Staff and resources of ESMAArticle 48 Entry into forceDone at
Document Overview
Tools
Set a date to view the document
Text comparison options
Full text - Date 1 vs Date 2
Amendments requiring commencement - Current text vs Text requiring commencement
Draft proposed changes - Current text vs Text proposed by drafting documents
Coming soon: Any documents - Any document vs Another document at any date
Print / Export options
Current page
Whole document
Selected pages
Consolidated PDF of the entire document as of 8th January 2025
Export
Export line by line
Export provision to provision
Report template
Create report template
Alert me to changes
Manage alerts
Bookmarks
This page
This document
Manage bookmarks
Search within this document
View previous searches
Share
Get page link
Share via email application
PreviousNext

Chapter IV Exemptions (arts. 16-17)

Article 16 Exemption where the principal trading venue is in a third country
Article 17 Exemption for market making activities and primary market operations
PreviousNext