
CHAPTER I
Article 1 
This Regulation lays down regulatory technical standards specifying the following:

((a)) the details of the information on net short positions to be provided to the competent authorities and disclosed to the public by a natural or legal person pursuant to Article 9(5) of Regulation (EU) No 236/2012;
((b)) the details of the information to be provided to the European Securities and Markets Authority (hereinafter ‘ESMA’) by the competent authority pursuant to Article 11(3) of Regulation (EU) No 236/2012;
((c)) the method for calculation of turnover to determine the principal venue for the trading of a share pursuant to Article 16(3) of Regulation (EU) No 236/2012.
CHAPTER II
Article 2 

1. A notification made under Article 5(1), Article 7(1) or Article 8 of Regulation (EU) No 236/2012 shall contain the information specified in Table 1 of Annex I to this Regulation.The notification shall be made using a form issued by the relevant competent authority which shall take the format set out in Annex II.
2. Where the competent authority has secure systems in place that allow it to fully identify the person filing the notification and the position holder, including all the information contained in fields 1 to 7 of Table 1 of Annex I, the corresponding fields in the form may be left blank in the notification format.
3. A natural or legal person who has submitted a notification referred to in paragraph 1 which contains an error shall send, on becoming aware of the error, a cancellation to the relevant competent authority.The cancellation shall be made using a form issued by that competent authority which shall take the format set out in Annex III.The natural or legal person concerned shall submit a new notification in accordance with paragraphs 1 and 2 if necessary.
Article 3 
Any public disclosure of a net short position in shares that reaches, or upon having reached, subsequently falls below, a relevant publication threshold in accordance with Article 6(1) of Regulation (EU) No 236/2012 shall contain the information specified in Table 2 of Annex I to this Regulation.
CHAPTER III
Article 4 
Pursuant to Article 11(1) of Regulation (EU) No 236/2012, competent authorities shall provide ESMA with the following information on a quarterly basis:

((a)) the daily aggregated net short position on each individual share in the main national equity index as identified by the relevant competent authority;
((b)) the end of quarter aggregated net short position for each individual share which is not in the index referred to in point (a);
((c)) the daily aggregated net short position on each individual sovereign issuer;
((d)) where applicable, daily aggregated uncovered positions on credit default swaps of a sovereign issuer.
Article 5 
Information to be provided by a relevant competent authority on an ad hoc basis pursuant to Article 11(2) of Regulation (EU) No 236/2012 shall include all requested information specified by ESMA that has not previously been submitted by the competent authority in accordance with Article 4 of this Regulation.
CHAPTER IV
Article 6 

1. When calculating turnover pursuant to Article 16 of Regulation (EU) No 236/2012, a relevant competent authority shall use the best available information, which may include:
(a) publicly available information;
(b) transaction data obtained under Article 25(3) of Directive 2004/39/EC of the European Parliament and of the Council;
(c) information from trading venues where the relevant share is traded;
(d) information provided by another competent authority, including a competent authority of a third country;
(e) information provided by the issuer of the relevant share;
(f) information from other third parties, including data providers.
2. In determining what constitutes the best available information, a relevant competent authority shall ensure so far as reasonably possible that:
(a) it uses publicly available information in preference to other sources of information;
(b) the information covers all trading sessions during the relevant period, irrespective of whether the share traded during all of the sessions;
(c) transactions received and included in the calculations are counted only once;
(d) transactions reported through a trading venue but executed outside it are not counted.
3. The turnover of a share on a trading venue shall be deemed to be zero where the share is no longer admitted to trading on that trading venue even if the share was admitted to trading on the trading venue during the relevant calculation period.
CHAPTER V
Article 7 
This Regulation shall enter into force on the day following that of its publication in the Official Journal of the European Union.
It shall apply from 1 November 2012, except for Article 6 which shall apply from the date referred to in the first paragraph.
This Regulation shall be binding in its entirety and directly applicable in all Member States.Done at Brussels, 29 June 2012.
For the Commission
The President
José Manuel BARROSO
ANNEX I
Field identifier Description

1. Position holder
 For natural persons: the first name and the last nameFor legal persons: full name including legal form as provided for in the register where it is incorporated, if applicable

2. Legal person identification code
 Bank Identifier Code, if available

3. Address of the position holder
 Full address (e.g. street, street number, postal code, city, state/province) and country

4. Contact details of the position holder
 Telephone number, fax number (if available), e-mail address

5. Reporting person
 For natural persons: the first name and the last nameFor legal persons: full name including legal form as provided for in the register where it is incorporated, if applicable

6. Address of the reporting person
 Full address (e.g. street, street number, postal code, city, state/province) and country, when different from the position holder

7. Contact details of the reporting person
 Telephone number, fax number (if available), e-mail address, when different from the position holder

8. Reporting date
 Date on which the notification is submitted in accordance with ISO standard 8601:2004 (yyyy-mm-dd)

9. Issuer identification
 For shares: full name of the company that has shares admitted to trading on a trading venueFor sovereign debt: full name of the issuerFor uncovered sovereign credit default swaps: full name of the underlying sovereign issuer

10. ISIN
 For shares only: ISIN of the main class of ordinary shares of the issuer. If there are no ordinary shares admitted to trading, the ISIN of the class of preference shares (or of the main class of preference shares admitted to trading if there are several classes of such shares)

11. Country code
 Two letter code for the sovereign issuer country in accordance with ISO standard 3166-1

12. Position date
 Date on which the position was created, changed or ceased to be held. Format in accordance with ISO standard 8601:2004 (yyyy-mm-dd)

13. Net short position size in percentage
 For shares only: percentage (rounded to 2 decimal places) of the issued share capital, expressed in absolute terms, with no ‘+’ or ‘–’ signs

14. Net short position equivalent amount
 For shares: total number of equivalent sharesFor sovereign debt: equivalent nominal amount in euroFor uncovered sovereign credit default swaps: equivalent nominal amount in euroFigures expressed in absolute terms, with no ‘+’ or ‘–’ signs and the currency expressed in accordance with ISO standard 4217

15. Date of the previous notification
 Date on which the last position reported by the position holder in relation to the same issuer was notified. Format in accordance with ISO standard 8601:2004 (yyyy-mm-dd)

16. Cancellation date
 Date on which a cancellation form is submitted to cancel an erroneous notification previously submitted. Format in accordance with ISO standard 8601:2004 (yyyy-mm-dd)

17. Comments
 Free text — optional
Field identifier Description

1. Position holder
 For natural persons: the first name and the last nameFor legal persons: full name including legal form as provided for in the register where it is incorporated, if applicable

2. Name of the issuer
 Full name of the company that has shares admitted to trading on a trading venue

3. ISIN
 ISIN of the main class of ordinary shares of the issuer. If there are no ordinary shares admitted to trading, the ISIN of the class of preference shares (or of the main class of preference shares admitted to trading if there are several classes of such shares)

4. Net short position size in percentage
 Percentage (rounded to 2 decimal places) of the issued share capital

5. Position date
 Date on which position was created, changed or ceased to be held in accordance with ISO standard 8601:2004 (yyyy-mm-dd)
ANNEX II
POSITION HOLDER First nameLAST NAMEFull company name 
BIC code(if the holder has one) 
Country 
Address 
Contact person First nameLast name 
Phone number 
Fax number 
E-mail address REPORTING PERSON(if different) First nameLAST NAMEFull company name 
Country 
Address 
Contact person First nameLast name 
Phone number 
Fax number 
E-mail address NET SHORT POSITION IN SHARES

1. 
(yyyy-mm-dd)
 
2. Name of the issuer

2.1. ISIN code
 

2.2. Full name
 

3. 
(yyyy-mm-dd)
 
4. Net short position after threshold crossing

4.1. Number of equivalent shares
 

4.2. % of issued share capital
 

5. 
(yyyy-mm-dd)
 

6. Comment
 NET SHORT POSITION IN SOVEREIGN DEBT

1. 
(yyyy-mm-dd)
 
2. Name of the issuer

2.1. Country code
 

2.2. Full name
 

3. 
(yyyy-mm-dd)
 

4. 
Equivalent nominal amount
 

5. 
(yyyy-mm-dd)
 

6. Comment
 POSITION IN UNCOVERED SOVEREIGN CREDIT DEFAULT SWAPS

1. 
(yyyy-mm-dd)
 
2. Name of the issuer

2.1. Country code
 

2.2. Full name
 

3. 
(yyyy-mm-dd)
 

4. 
Equivalent nominal amount
 

5. 
(yyyy-mm-dd)
 

6. Comment
 
ANNEX III
POSITION HOLDER First nameLAST NAMEFull company name 
BIC code(if the holder has one) 
Country 
Address 
Contact person First nameLast name 
Phone number 
Fax number 
E-mail address REPORTING PERSON(if different) First nameLAST NAMEFull company name 
Country 
Address 
Contact person First nameLast name 
Phone number 
Fax number 
E-mail address CANCELLED NET SHORT POSITION IN SHARES

1. 
(yyyy-mm-dd)
 
2. Name of the issuer

2.1. ISIN code
 

2.2. Full name
 

3. 
(yyyy-mm-dd)
 
4. Net short position after threshold crossing contained at the notification being cancelled

4.1. Number of equivalent shares
 

4.2. % of issued share capital
 

5. 
(yyyy-mm-dd)
 

6. Comment
 CANCELLED NET SHORT POSITION IN SOVEREIGN DEBT

1. 
(yyyy-mm-dd)
 
2. Name of the issuer

2.1. Country code
 

2.2. Full name
 

3. 
(yyyy-mm-dd)
 

4. 
Equivalent nominal amount
 

5. 
(yyyy-mm-dd)
 

6. Comment
 CANCELLED POSITION IN UNCOVERED SOVEREIGN CREDIT DEFAULT SWAPS

1. 
(yyyy-mm-dd)
 
2. Name of the issuer

2.1. Country code
 

2.2. Full name
 

3. 
(yyyy-mm-dd)
 

4. 
Equivalent nominal amount
 

5. 
(yyyy-mm-dd)
 

6. Comment
 