← Back to updates
ESMA

ESMA

European Securities and Markets Authority

Low Impact

ESMA updates list of competent authorities under the EU Short Selling Regulation

Published

Mar 3, 2025

Topics

Short Selling Regulation, Net short position notifications, Competent authorities, Reference data, Regulatory reporting operations

Executive Summary

ESMA published an updated list, last updated on 03/03/2025, of competent authorities designated by Member States and EEA countries for the purposes of Regulation (EU) No 236/2012 on short selling and certain aspects of credit default swaps. Article 32 of the Short Selling Regulation requires Member States to designate one or more competent authorities and notify the Commission, ESMA and other competent authorities of those designations. The publication does not amend SSR reporting thresholds, calculation rules, report templates, or public disclosure requirements. The main business impact is to validate and refresh reference data used to route SSR net short position notifications, escalation procedures and compliance ownership by jurisdiction.

What Changed

modifiedESMA competent authority reference list updated

Previous

Previous version and specific deltas are not stated in the supplied ESMA document.

New

Updated ESMA list dated 03/03/2025, including competent authorities such as FSMA for Belgium, FSC for Bulgaria, CNB for Czech Republic, Finanstilsynet for Denmark and Norway, BaFin for Germany, FSA for Estonia, Central Bank of Ireland, HCMC for Greece, CNMV for Spain, AMF for France, HNB and HANFA for Croatia, CONSOB / Banca d'Italia / Ministero dell'Economia e delle Finanze for Italy, CySEC for Cyprus, Latvijas Banka for Latvia, Lietuvos bankas for Lithuania, CSSF for Luxembourg, MNB for Hungary, MFSA for Malta, AFM for the Netherlands, FMA for Austria, KNF for Poland, CMVM for Portugal, ASF and Banca Națională a României for Romania, A-TVP for Slovenia, NBS for Slovakia, FIN-FSA for Finland, Finansinspektionen for Sweden, Central Bank of Iceland, and FMA Liechtenstein.

modifiedRouting and authority ownership under Article 32 SSR

Previous

Previous routing table or authority ownership mapping is not specified in the supplied ESMA document.

New

Firms should use the 03/03/2025 ESMA list as the current authority reference for SSR competent-authority routing and escalation checks.

Business Impact

Who is affected

Investment firms, banks, asset managers, hedge funds, market makers, compliance teams, regulatory reporting operations, legal teams and vendors that monitor or submit net short position notifications under the EU Short Selling Regulation.

Jurisdictions

Belgium, Bulgaria, Czech Republic, Denmark, Germany, Estonia, Ireland, Greece, Spain, France, Croatia, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Hungary, Malta, Netherlands, Austria, Poland, Portugal, Romania, Slovenia, Slovakia, Finland, Sweden, Iceland, Liechtenstein, Norway

Business processes

SSR competent-authority reference-data maintenance, Net short position notification routing, Jurisdictional compliance ownership and escalation, Regulatory reporting procedure documentation, Vendor and reporting platform authority mappings, Controls over multi-authority jurisdictions

Estimated effort

Low

Compliance risk

Low

Affected Reports

SSR competent-authority routing table for net short position notificationsSSR jurisdictional escalation and ownership matrixRegulatory reporting platform authority/reference-data configuration
FieldValidation rule
Jurisdiction / Member StateMap each relevant EU/EEA jurisdiction to the competent authority or authorities shown in ESMA’s 03/03/2025 SSR competent authority list.
Competent authority nameUse the authority names in ESMA’s current list when maintaining internal SSR routing, escalation and reference-data records.
Coordinating or role-specific authority flagWhere a jurisdiction has more than one authority listed, verify whether internal procedures distinguish authority roles consistently with Article 32 SSR and national arrangements.

Recommended Actions

  1. 1

    Refresh internal SSR authority reference data against ESMA’s 03/03/2025 list and record evidence of the review.

  2. 2

    Check regulatory reporting systems, case-management tools and vendor-maintained mappings to ensure SSR notifications and escalations are routed to the correct authority for each EU/EEA jurisdiction.

  3. 3

    Pay particular attention to jurisdictions where the ESMA list shows more than one authority, including Croatia, Italy and Romania, and confirm local routing rules before submitting notifications.

  4. 4

    Update compliance procedures, desk guidance and escalation matrices if they contain outdated national authority names or contact-routing assumptions.

  5. 5

    Do not treat this ESMA list update as changing SSR notification thresholds, calculation methodology or disclosure templates; continue to apply the Short Selling Regulation and related implementing rules for substantive filing obligations.

Timeline

other

Mar 14, 2012

Regulation (EU) No 236/2012 on short selling and certain aspects of credit default swaps was adopted.

effective date

Nov 1, 2012

Regulation (EU) No 236/2012 applied from 1 November 2012, except for provisions with specific earlier application dates stated in the Regulation.

publication

Mar 3, 2025

ESMA list of competent authorities designated for the purposes of the Short Selling Regulation was last updated.

Sources

AI-generated analysis is based on the following primary sources. Always verify against the official publication.

Related Evidence

Similar official source documents found with semantic search.

Receive updates like this by email

Get AI-generated analysis for the regulators and topics you care about.