Traduction de «short » (Anglais → Français) :

In order to ensure comprehensive and effective transparency, it is important that the notification requirements cover not only short positions created by trading shares or sovereign debt on trading venues but also short positions created by trading outside trading venues and net short positions created by the use of derivatives, such as options, futures, index-related instruments, contracts for differences and spread bets relating to shares or sovereign debt.

6. For its non-management activities that give rise to the holding of short positions by the entity for its own account, that single legal entity shall perform the calculation of the net short position in a particular issuer in accordance with Article 3(7)(a) and (b) of Regulation (EU) No 236/2012 and report, and disclose the resulting net short positions.

In the case of a significant fall in the price of a financial instrument on a trading venue a competent authority should also have the ability to restrict temporarily short selling of the financial instrument on that venue within its own jurisdiction or to request that ESMA restrict such short selling in other jurisdictions in order to be able to intervene rapidly where appropriate and for a short period to prevent a disorderly decline in price of the instrument concerned.

3. When a net short position reaches or crosses the notification threshold in accordance with Article 5 or disclosure threshold in accordance with Article 6 of Regulation (EU) No 236/2012 then a legal entity within the group shall report, and disclose in accordance with Articles 5 to 11 of Regulation (EU) No 236/2012 the net short position in a particular issuer calculated according to paragraph 1 provided that no net short position at group level calculated according to paragraph 2 reaches or crosses a notification or disclosure threshold.

For the purpose of determining, in accordance with the formula set out in Paragraph 5(a), the amount of a rebate payable under Section 2 to a consumer of a tour package that includes short-term accommodation where a registrant makes a supply to the consumer of a particular tour package that includes short-term accommodation that is made available to the consumer for any night, any other short-term accommodation that is included in another tour package supplied by the registrant to the consumer and made available to the consumer for th ...[+++]e same night is deemed to be included in the particular package and is not any other tour package.

The ESC proposes: - enabling short sea shipping to compete on equal terms with the other transport modes through transparency of subsidies and future internalization of external costs: the role of the European Commission in defining and implementing this idea will be crucial; - full integration of short sea shopping in the trans-European networks as an equal partner with the other transport modes; - working out practical solutions to administrative problems affecting short sea shipping (e.g. customs/transit procedure); - upgrading the role of small and medium-sized ports to relieve congestion in large ports and main roads; - improvin ...[+++]g and expanding the study of the eight trade corridors; - a clearer image of short sea shipping as a commercially attractive alternative mode of transport; - continuing support for and coordination with the MIF Short Sea Panel and support for the work of the Round Tables; - concentration on the social dimension of the short sea sector (and especially on training).