The position holder must register with the Central Bank of Ireland prior to submitting its first notification required under Articles 5-8 of Regulation (EU) No 236/2012 of the European Parliament and of the Council of 14 March 2012 on short selling and certain aspects of credit default swaps (Short Selling Regulations).
To register, the position holder should complete the registration form and submit a signed, scanned copy of the form by email to firstname.lastname@example.org together with any applicable documentation at least two business days prior to submission of its first notification.
Original documentation, including the executed registration form, should follow by post to: Regulated Disclosures - Secondary Markets, Securities and Markets Supervision, Central Bank of Ireland, New Wapping Street, North Wall Quay, Dublin 1.
The registration will only be processed if all necessary information and documentation has been provided.
Upon completion of the registration, the Central Bank of Ireland will email an identifier code to the position holder to be included on all notifications submitted to the Central Bank of Ireland.
Notifications submitted to the Central Bank of Ireland without a valid identifier code will be rejected. Where a notification has been rejected it is the responsibility of the position holder to resubmit the notification with a valid identifier code in order to ensure compliance with its obligations under the Short Selling Regulations.
Notifications to the Central Bank of Ireland in accordance with Articles 5, 7 and 8 of the Short Selling Regulations should be made using the appropriate form.
The relevant time for calculation of the net short position is midnight at the end of the trading day on which the natural or legal person holds the relevant position. The completed notification form should be submitted to email@example.com by 15.30 on the following trading day.
The notification form must be submitted in Excel format. A valid identifier code must be included on the notification form. Where a notification form is rejected it is the responsibility of the position holder to submit an amended notification form to the Central Bank of Ireland to ensure compliance with its obligations under the Short Selling Regulations.
Where a previously submitted notification form contains an error, a cancellation form should be submitted as soon as possible to the Central Bank of Ireland to cancel the erroneous submission. A new notification form should be submitted to reflect the correct information, if necessary.
Public Disclosure of Information on Net Short Positions in Shares
In accordance with Articles 6 and 9 of the Short Selling Regulations, details of significant net short positions in shares will be published on the Central Bank of Ireland’s website. Position holders should complete the “Data Publication” section of the notification form to indicate that public disclosure is required.
Information on Exempted Shares and Net Short Position Notification Thresholds for Sovereign Issuers
A list of exempted shares pursuant to Article 16(2) of the Short Selling Regulations and a list of thresholds applicable to sovereign issuers for the purpose of the notification to competent authorities of significant net short position in sovereign debt pursuant to Article 7(2) of the Short Selling Regulations is available on ESMA’s website.