The European Commission has adopted a Delegated Regulation and Regulatory Technical Standards in respect of the Short Selling Regulation (which was published last March and will apply from 1 November 2012) and certain aspects of credit default swaps with regard to definitions, the calculation of net short positions, covered sovereign credit default swaps, notification thresholds, liquidity thresholds for suspending restrictions, significant falls in the value of financial instruments and adverse events.

The European Commission has also published “Frequently Asked Questions” in relation to the Commission Delegated Regulation on Short Selling and Credit Default Swaps.