On 1 March 2019, the European Securities and Markets Authority (ESMA) announced that it would delay the publication of the annual calculation of the large in scale (LIS) and size specific to the instruments (SSTI) thresholds for bonds. The delay is due to the IT systems needing more time than expected to complete the required calculations.
ESMA aims to ensure that publication will take place later this month.
The transparency requirements based on the results of the annual calculations of the LIS and SSTI thresholds for bonds to be published by 30 April 2019 shall apply from 1 June 2019 until 31 May 2020. From 1 June 2020, the results of the next annual calculations of the LIS and SSTI thresholds for bonds to be published by 30 April 2020, will become applicable