In evaluating the extent to which the SSR has achieved its original objectives, ESMA is seeking the views of market participants on the following three main elements of its advice to the European Commission (Commission):
- the scope and functioning of the exemption for market making activities;
- the procedure for imposing a short-term ban on short-selling; and
- the transparency of net short positions and related reporting and disclosure requirements.
The closing date for responses is 4 September 2017 and ESMA expects to deliver its final advice to the Commission by 31 December 2017.