Article 4 | Delegated Regulation 918/2012

Updated 22/12/2024

Metadata

In force

Version from: 12/02/2015

Amendments

Article 4 - Holding

Article 4

Holding

A natural or legal person is considered to hold a share or debt instrument for the purposes of Article 3(2)(a) of Regulation (EU) No 236/2012 in the following circumstances:

(a)

the natural or legal person owns the share or debt instrument in accordance with Article 3(1);

(b)

an enforceable claim to be transferred ownership of the share or debt instrument to the natural or legal person in accordance with the law applicable to the relevant sale.

Recitals

CHAPTER I - GENERAL (Article 1-2)

CHAPTER II - SUPPLEMENTARY SPECIFICATION OF DEFINITIONS PURSUANT TO ARTICLE 2(2) AND ARTICLE 3(7)(a) (Article 3-4)Article 3 - Specification of the term ownership and defining a short sale Q&A Article 4 - Holding

CHAPTER III - NET SHORT POSITIONS PURSUANT TO ARTICLE 3(7)(b) (Article 5-11)

CHAPTER IV - NET SHORT POSITIONS IN FUNDS OR GROUPS PURSUANT TO ARTICLE 3(7)(c) (Article 12-13)

CHAPTER V - COVERED SOVEREIGN CREDIT DEFAULT SWAPS PURSUANT TO ARTICLE 4(2) (Article 14-20)

CHAPTER VI - NOTIFICATION THRESHOLDS FOR NET SHORT POSITIONS IN SOVEREIGN DEBT PURSUANT TO ARTICLE 7(3) (Article 21)

CHAPTER VII - PARAMETERS AND METHODS FOR CALCULATING LIQUIDITY THRESHOLD FOR SUSPENDING RESTRICTIONS ON SHORT SALES OF SOVEREIGN DEBT PURSUANT TO ARTICLE 13(4) (Article 22)

CHAPTER VIII - SIGNIFICANT FALL IN VALUE FOR FINANCIAL INSTRUMENTS OTHER THAN LIQUID SHARES PURSUANT TO ARTICLE 23 (Article 23)

CHAPTER IX - ADVERSE EVENTS OR DEVELOPMENTS PURSUANT TO ARTICLE 30 (Article 24-25)

ANNEX I Q&A ANNEX II Q&A

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Article 4 - Holding

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