icon-grid
Better Regulation logo
Table of Contents

Table of Contents

Expand all headings Collapse all headings Expand side bar Collapse side bar
Commission Delegated Regulation (EU) No 918/2012 of 5 July 2012 supplementing Regulation (EU) No 236/2012 of the European Parliament and of the Council on short selling and certain aspects of credit default swaps with regard to definitions, the calculation of net short positions, covered sovereign credit default swaps, notification thresholds, liquidity thresholds for suspending restrictions, significant falls in the value of financial instruments and adverse events (Assimilated Law)RecitalsChapter I General (arts. 1-2)Article 1 Subject matterArticle 2 DefinitionsChapter II Supplementary specification of definitions pursuant to Article 2(2) and Article 3(7)(a) (arts. 3-4)Article 3 Specification of the term 'ownership' and defining a short saleArticle 4 HoldingChapter III Net short positions pursuant to Article 3(7)(b)(arts. 5-11)Article 5 Net short positions in shares - long positionsArticle 6 Net short positions in shares - short positionsArticle 7 Net short positions in shares - generalArticle 8 Net short position in sovereign debt - long positionsArticle 9 Net short positions in sovereign debt - short positionsArticle 10 Method of calculation of net short positions in relation to sharesArticle 11 Calculation of net short positions for sovereign debtChapter IV Net short positions in funds or groups pursuant to Article 3(7)(c)(arts. 12-13)Article 12 Method of calculating positions for management activities related to several funds or managed portfoliosArticle 13 Method of calculating positions for legal entities within a group that have long or short positions in relation to a particular issuerChapter V Covered sovereign credit default swaps pursuant to Article 4(2)(arts. 14-20)Article 14 Cases which are not uncovered sovereign credit default swap positionsArticle 15 Cases which are not uncovered sovereign credit default swap positions where the obligor is established or the asset or liability is located in the United Kingdom and a third countryArticle 16 Justification of uncovered sovereign credit default swap positionsArticle 17 Hedged assets and liabilitiesArticle 18 Correlation testsArticle 19 ProportionalityArticle 20 Method of calculation of an uncovered sovereign credit default swap positionChapter VI Notification thresholds for net short positions in sovereign debt pursuant to Article 7(3)(art. 21)Article 21 Notification thresholds for net short positions relating to the issued sovereign debtChapter VII Parameters and methods for calculating liquidity threshold for suspending restrictions on short sales of sovereign debt pursuant to Article 13(4)(art. 22)Article 22 Methods for calculating and determining the threshold of liquidity for suspending restrictions on short sales in sovereign debtChapter VIII Significant fall in value for financial instruments other than liquid shares pursuant to Article 23(art. 23)Article 23 Significant fall in value for financial instruments other than liquid sharesChapter IX Adverse events or developments pursuant to Article 30(arts. 24-25)Article 24 Criteria and factors to be taken into account in determining when adverse events or developments and threats ariseArticle 25 Entry into forceAnnex IAnnex I, Part 1Annex I, Part 2Annex IIAnnex II, Part 1Annex II, Part 2Done 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 10th 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 IX Adverse events or developments pursuant to Article 30(arts. 24-25)

Article 24 Criteria and factors to be taken into account in determining when adverse events or developments and threats arise
Article 25 Entry into force
PreviousNext