Legal and natural persons (hereinafter "investors") submit information on the short or uncovered positions of financial instruments to Latvijas Banka.
Investors report on the short or uncovered positions, complying with the requirements established in the following directly applicable European Union legal acts:
- Regulation (EU) No 236/2012 of the European Parliament and of the Council of 14 March 2012 on short selling and certain aspects of credit default swaps;
- Commission Delegated Regulation (EU) No 918/2012 of 5 July 2012 supplementing Regulation (EU) No 236/2012 of the European Parliament and of the Council on short selling and certain aspects of credit default swaps with regard to definitions, the calculation of net short positions, covered sovereign credit default swaps, notification thresholds, liquidity thresholds for suspending restrictions, significant falls in the value of financial instruments and adverse events;
- Commission Implementing Regulation (EU) No 827/2012 of 29 June 2012 laying down implementing technical standards with regard to the means for public disclosure of net position in shares, the format of the information to be provided to the European Securities and Markets Authority in relation to net short positions, the types of agreements, arrangements and measures to adequately ensure that shares or sovereign debt instruments are available for settlement and the dates and period for the determination of the principal venue for a share according to Regulation (EU) No 236/2012 of the European Parliament and of the Council on short selling and certain aspects of credit default swaps;
- Commission Delegated Regulation (EU) No 826/2012 of 29 June 2012 supplementing Regulation (EU) No 236/2012 of the European Parliament and of the Council with regard to regulatory technical standards on notification and disclosure requirements with regard to net short positions, the details of the information to be provided to the European Securities and Markets Authority in relation to net short positions and the method for calculating turnover to determine exempted shares.
Regulation on the Procedure for Reporting on the Short or Uncovered Positions of Financial Instruments (25 October 2012; No 224)
Data submission
Until 31 December 2024, data are submitted to Latvijas Banka via the short position reporting system sprs.investinfo.lv.
From 1 January 2025, data shall be submitted via the non-bank statistics system.
The users of the short position reporting system will be invited to reregister.
The procedure for submitting data is established by Latvijas Banka's Regulation No 226 "Regulation on Electronic Information Exchange with Latvijas Banka" of 24 October 2022.