On 19 March 2019, the European Securities and Markets Authority (ESMA) published the results of the annual transparency calculations of the large in scale (LIS) and size specific to the instruments (SSTI) thresholds for bonds.

The results are published on a per bond-type basis in excel format in the Annual transparency calculations for non-equity instruments register . The results on a per ISIN basis will be published through the Financial Instruments Transparency System (FITRS) in XML files and through the register web interface starting on 30 April 2019.  Until 31 May 2019, ESMA will publish two records with this type of calculation for each ISIN (the one applicable until that date, and the one applicable starting on 1 June).

The transparency requirements based on the results of the annual calculations of the LIS and SSTI thresholds for bonds 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.