Following client feedback, we have developed a workflow that will allow users to temporarily suppress specified ISINs from being captured by the SSR EU/EEA and/or the SSR UK Rules. Given that the ESMA and FCA exempt lists can be significantly out of date, we offer clients an additional option to ensure false positives caused by the short-selling rules are reduced to a minimum.

Like all other rules, users can reject a disclosure alert triggered by an SSR EU/EEA or SSR UK rule. However, since these regulations have low thresholds, the alert will retrigger whenever a new disclosable threshold is crossed, often requiring repeated rejections.

To streamline this process, we've introduced the Reject & Remember workflow. This allows users to reject a disclosure and add the ISIN to a custom SSR EU/EEA or SSR UK exempt list. The ISIN will then remain out of scope for the selected short-selling rule until the exemption expires on the user-defined Effective Until date.

Users can activate this workflow from the Results Details page by selecting the Reject and Remember button in the top-right corner:

We added two lists to the Regulatory Data page so that users can review the ISINs currently included in the custom exempt lists. Here, users can review, download, edit, and delete any entries. Editing an existing custom exemption, for example, by extending the Effective Until date, will create a new entry in the list while the original entry is updated to include a Went Off date reflecting the day the change was made.

Please note that the service only displays the exemptions that were/are active on the date selected via the date picker.

Users of this functionality will be responsible for maintaining these lists and need to ensure any updates affecting an issuer’s reportability are reflected correctly. Failing to do so can result in missed short-selling disclosures. While not mandatory, it might be prudent to add an Effective Until date, after which the issuer will start triggering under the SSR EU/EEA or SSR UK rules again, reminding users to periodically review that the information is still accurate.