On February 12, the European Securities and Markets Authority (ESMA) published a call for evidence in order to evaluate the effects of the Short Selling Regulation.  The call for evidence was published in response to the European Commission’s request for technical advice, issued in December 2012.

The call for evidence is focused on the six main areas of the Short Selling Regulation:

• Requirements relating to transparency and reporting.
• Restrictions on the short selling of sovereign debt and shares.
• Restrictions on entering uncovered sovereign credit default swaps.
• Settlement discipline, including buy-in procedures.
• Exemptions.
• Intervention powers and emergency measures.

The deadline for responses to the call for evidence is March 15, 2013.