in force 2022-01-31
02012R0236-20140917 → 02012R0236-20220131
Amended by Regulation (EU) 2022/27 32022R0027
Commission Delegated Regulation (EU) 2022/27 of 27 September 2021 amending Regulation (EU) No 236/2012 of the European Parliament and of the Council as regards the adjustment of the relevant threshold for the notification of significant net short positions in shares (Text with EEA relevance)
detected 2026-08-13
1 provision touched — 1 substantive, 0 date-only, 0 disputed · every change carries an explanation that passed its citation check
MODIFIED +3 −3 Art. 5 Notification to competent authorities of significant net short positions in shares§
applies from: unchanged
The percentage defining a relevant notification threshold in paragraph 2 was changed from 0.2% of the issued share capital to 0.1%.
Cited: Art. 5, v1 · Art. 5, v2
text before / after
02012R0236-20140917 → 02012R0236-20220131
Article 5
Notification to competent authorities of significant net short positions in shares
1. A natural or legal person who has a net short position in relation to the issued share capital of a company that has shares admitted to trading on a trading venue shall notify the relevant competent authority, in accordance with Article 9, where the position reaches or falls below a relevant notification threshold referred to in paragraph 2 of this Article.
2. A relevant notification threshold is a percentage that equals 0,2 0,1 % of the issued share capital of the company concerned and each 0,1 % above that.
3. The European Supervisory Authority (European Securities and Markets Authority) (ESMA) may issue an opinion to the Commission on adjusting the thresholds referred to in paragraph 2, taking into account the developments in financial markets.
4. The Commission shall be empowered to adopt delegated acts in accordance with Article 42 modifying the thresholds referred to in paragraph 2 of this Article, taking into account the developments in financial markets.
The full entry, with the citation mapping v1 = 02012R0236-20140917, v2 = 02012R0236-20220131, is committed at eu/32012R0236/CHANGELOG.md.