Events listed in ESMA Regulation
BVI’s comments on the EU Reporting Reduction Package
ID 26581
Der BVI veröffentlicht eine Stellungnahme zur EC-Konsultation eines neuen gesetzlichen Pakets zur Reduzierung der Berichtspflichten – Reporting Reduction Package (eventid=23814). In seiner Stellungnahme appelliert der BVI an die EC, keine neuen Berichtspflichten in neuen politischen Initiativen oder während laufender legislativer Überprüfungen einzuführen. Ferner empfiehlt der Verband eine systematischere Form des Datenaustauschs zwischen den öffentlichen Aufsichtsbehörden de ...
ESAs launch second public consultation on joint Guidelines on the system for the ...
ID 26114
The ESAs have initiated a second public consultation on joint guidelines concerning the exchange of information relevant to fit and proper assessments. This consultation focuses on extending the guidelines‘ scope to include legal persons, ensuring comprehensive coverage. The guidelines aim to enhance efficiency by harmonizing practices and addressing both natural and legal persons. The [consultation, open until 15 January 2024**, invites comments specifically on ...
Reporting reduction package – amendments to the ESA, ESRB and InvestEU ...
ID 25473
The European Commission has published a press release in which it informs that it is seeking comments on its new draft on proposed revisions to various regulations of the European Supervisory Authorities and the European Systemic Risk Board to reduce reporting burdens of EU (financial services) firms. As we have reported before (please see EventID 23420 in this context for more information), the suggested ...
Questions and Answers on the proposal to amend the European Supervisory Authorities ...
ID 25359
Following the publication of a proposal to revise various ESA regulations and the ESRB regulation in an effort to reduce reporting burdens on EU financial services firms (EventID #23420), the EU Commission has published a set of FAQs in this context. Therein, **the Commission provides further information on the reasoning behind the suggested new regulation, the objectives the Commission seeks to achieve in this ...
2023/0363/COD: Proposal for a REGULATION OF THE EUROPEAN PARLIAMENT AND OF THE ...
ID 25352
A new draft regulation titled “Proposal for a REGULATION OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL amending Regulations (EU) No 1092/2010, (EU) No 1093/2010, (EU) No 1094/2010, (EU) No 1095/2010 and (EU) 2021/523 as regards certain reporting requirements in the fields of financial services and investment support“ was published in the Official Journal (OJ) of the EU. **The proposed regulation is part of ...
[ESMA50-1389274163-2636 ] ESMA working paper on Connectedness among EU investment ...
ID 24539
ESMA published a working paper titled “Connectedness among EU investment funds: Insights from timevarying and frequency decomposition spillover indices“ The paper investigates the financial interconnectedness within the EU fund industry using measures of interdependence of volatilities. The research aims to monitor stress transmission and identify volatility spillovers among different types of funds over time. The authors construct a series of indices based on dat ...
[ESMA41-140-79 ] Technical standards
ID 24006
ESMA has published an updated list as of 7 July 2023, setting out all RTS and ITS applicable in the EU. The standards thereby range from those set out under the AIFMD (types of funds) to those under the ECSPR. For each standard, the spreadsheet contains information on the legal basis, the corresponding consultation papers, the EC and EP review procedures, and the final ...
[ESMA50-1490586361-4009 ] ESMA launches Data Strategy for the next five years ...
ID 23733
ESMA released its Data Strategy for the period of 2023-2028. The strategy aims to enhance ESMA’s role as a supervisor and a data and information hub within the EU’s financial markets. ESMA’s main objectives for the next five years include facilitating the use of new data-related technologies, reducing reporting compliance costs for regulated entities, enabling effective data use at both EU and national levels, ...
ESAs draw consumers’ attention to how rises in inflation and interest rates might ...
ID 23252
The ESAs have released an interactive factsheet aimed at helping consumers understand the potential impact of rising inflation and interest rates on their finances. The factsheet covers various financial products and services such as loans, savings, investments, insurance, and pensions, providing consumers with key points to consider. The factsheet emphasizes important factors that consumers should keep in mind: Firstly, it advises consumers to have ...
Letter to the European Commission on Prioritisation of 2023 ESMA deliverables
ID 23192
Verena Ross, Chair of ESMA published a letter to John Berrigan, Financial Stability and Capital Markets Union of the EC, informing of the deprioritization of several deliverables outlined in ESMA’s 2023 Annual Work Programme (eventid=17755). ESMA conducted a prioritization exercise to ensure that resources are appropriately allocated, and the reprioritization of ESMA’s deliverables for this year was done after careful evaluation and with the ...