Retained EU Law SI 2012/918 United Kingdom

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 (Text with EEA relevance)

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Status
In Force

What it defines

Regulations creating concrete business duties or carrying penalties, grouped as the instrument is structured. Titles link to the source text — blue means you’re leaving for legislation.gov.uk.

27 other provisions — procedural and definitional
s.art001 Subject matter
s.art002 Definitions
s.art003 Specification of the term ‘ownership’ and defining a short sale
s.art004 Holding
s.art005 Net short positions in shares — long positions
s.art006 Net short positions in shares — short positions
s.art007 Net short positions in shares — general
s.art008 Net short position in sovereign debt — long positions
s.art009 Net short positions in sovereign debt — short positions
s.art010 Method of calculation of net short positions in relation to shares
s.art011 Calculation of net short positions for sovereign debt
s.art012 Method of calculating positions for management activities related to several funds or managed portfolios
s.art013 Method of calculating positions for legal entities within a group that have long or short positions in relation to a particular issuer
s.art014 Cases which are not uncovered sovereign credit default swap positions
s.art015 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 country
s.art016 Justification of uncovered sovereign credit default swap positions
s.art017 Hedged assets and liabilities
s.art018 Correlation tests
s.art019 Proportionality
s.art020 Method of calculation of an uncovered sovereign credit default swap position
s.art021 Notification thresholds for net short positions relating to the issued sovereign debt
s.art022 Methods for calculating and determining the threshold of liquidity for suspending restrictions on short sales in sovereign debt
s.art023 Significant fall in value for financial instruments other than liquid shares
s.art024 Criteria and factors to be taken into account in determining when adverse events or developments and threats arise
s.art025 Entry into force
s.s.article 10 (1) Any derivative and cash position shall be accounted for...
s.s.article 11 (1) Any cash positions shall be taken into account using...

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