ESMA has announced it will shortly consult on the market making and authorised primary dealer exemption under the EU’s Short Selling Regulation (SSR). It will also consult on the procedure firms and regulators should follow in dealing with notifications of intention to use the exemption. Applicants can already notify ESMA of their intention to use the exemption, although the SSR does not take effect until 1 November. The consultation will harmonise Member States’ procedures. (Source:ESMA to Consult on Short Selling Exemption)