CESR is consulting on a pan- European disclosure regime for short-selling. It thinks a uniform approach would help mitigate any negative consequences of short-selling without affecting the benefits. CESR plans a system of private disclosures to regulators of small short positions (0.1%), with public disclosures over a larger threshold (0.5%). Disclosures would also be necessary for holdings that crossed the triggers, whether increasing or decreasing. CESR plans the regime would cover shares admitted to trading on an EEA market or MTF and also exchange-traded and OTC derivatives. CESR wants comments by 30 September.