ESMA has published a report in response to a request from the Commission on how the Short Selling Regulation (SSR) has worked in practice. As the SSR has been in force for less than a year, data was limited. However, although ESMA concludes it has worked well, and only caused a slight decline in liquidity in European sovereign CDS, it recommends some changes to help it work more smoothly and clearly in practice. (Source: ESMA Reports on SSR)