Notification threshold for shares lowered to 0,1% from 1 August 2023

Commission Delegated Regulation (EU) 2022/27, which lowers the notification threshold of net short positions in shares from 0,2% to 0,1%, will be incorporated into Norwegian law with effect from 1 August 2023.

From Tuesday, 1 August 2023 onwards, position holders will have to report when their net short positions in shares exceed or are equal to 0,1% of the issued share capital and each 0,1% above that. The last day of application of the old reporting threshold (0,2%) will be Monday, 31 July 2023, with net short positions to be reported to Finanstilsynet by 15.30 of the following trading day, i.e. Tuesday, 1 August 2023.

Position holders are required to report net short positions between 0,1% and 0,2% on the day of application of the 0,1% reporting threshold, even where they were entered into ahead of that date. This is to give Finanstilsynet the full picture of net short positions above the new threshold, which otherwise would be incomplete.

Practical reporting examples are set out in the statement on the new notification threshold issued by ESMA in January 2022. The principles of the statement will be applied accordingly by Finanstilsynet.

Read more:

• Commission Delegated Regulation (EU) 2022/27 (EUR-Lex)
• Statement on new NSP notification threshold