What changes on 12/02/2015

The text in force from 12/10/2012 compared with the text from 12/02/2015, which includes the changes made by Commission Delegated Regulation (EU) 2015/97.

Read the act as of 12/02/2015 · other versions:

Chapter I

• amended Article 1 - Subject matter
• amended Article 2 - Definitions

Chapter II

• amended Article 3 - Specification of the term ‘ownership’ and defining a short sale
• amended Article 4 - Holding

Chapter III

• amended Article 5 - Net short positions in shares — long positions
• amended Article 6 - Net short positions in shares — short positions
• amended Article 7 - Net short positions in shares — general
• amended Article 8 - Net short position in sovereign debt — long positions
• amended Article 9 - Net short positions in sovereign debt — short positions
• amended Article 10 - Method of calculation of net short positions in relation to shares
• amended Article 11 - Calculation of net short positions for sovereign debt

Chapter IV

• amended Article 12 - Method of calculating positions for management activities related to several funds or managed portfolios
• amended Article 13 - Method of calculating positions for legal entities within a group that have long or short positions in relation to a particular issuer

Chapter V

• amended Article 14 - Cases which are not uncovered sovereign credit default swap positions
• amended Article 15 - Cases which are not uncovered sovereign credit default swap positions where the obligor is established or the asset or liability is located in more than one Member State
• amended Article 16 - Justification of uncovered sovereign credit default swap positions
• amended Article 17 - Hedged assets and liabilities
• amended Article 18 - Correlation tests
• amended Article 19 - Proportionality
• amended Article 20 - Method of calculation of an uncovered sovereign credit default swap position

Chapter VI

• amended Article 21 - Notification thresholds for net short positions relating to the issued sovereign debt

Chapter VII

• amended Article 22 - Methods for calculating and determining the threshold of liquidity for suspending restrictions on short sales in sovereign debt

Chapter VIII

• amended Article 23 - Significant fall in value for financial instruments other than liquid shares

Chapter IX

• amended Article 24 - Criteria and factors to be taken into account in determining when adverse events or developments and threats arise

Outside any heading

• amended Annex I - PART 1
• amended Annex II - PART 1