The list of countries enforcing Short Sale Disclosures continues
to grow! German BaFin are introducing blanket Short Sale Disclosure
for all securities listed on a German exchange.
Our summary of the requirements follows:
| Report By |
P+1 (by end of trading) |
| Report For |
All calendar days which are trading days |
| Threshold |
0.2% - report to BaFin
0.5% - report to Federal Gazzette
|
| Reporting Trigger |
Position exceeds Threshold or falls below
Threshold
|
|
Netting Allowed
(at Parent Entity Level)
|
No
|
| Underliers |
Including but not limited to Shares, Swaps, and
Derivatives
|
| Submission Channel |
Electronic,using BaFin MVP
|
Further details can be found at BaFin portal
here.
PAC-INVEST will be extending the DisclosureWise
platform to cover Short Disclosure to Germany. Contact Us now
for a friendly call back and find out how we can help you meet your
compliance requirements.