Events listed in [ESMA] European Securities and Markets Authority
Compliance table on the Guidelines on certain aspects of the MiFID II suitability ...
ID 24389
ESMA has published a compliance table for its Guidelines on certain aspects of the MiFID II suitability requirements (2023 revised version) [ESMA35-43-3172] (see eventid=20583). The compliance table shows that all countries are or will be compliant by 31 October 2023, with the exception of Germany, which will be compliant by 21 December 2023.
[ESMA70-152-348 ] List of third-country CCPs recognised to offer services and ...
ID 24379
ESMA has published an updated list of third-country CCPs which are recognized to offer clearing services and perform activities in the EU in accordance with Article 25 of EMIR. The list also includes a table of classes of financial instruments by each counterparty which are covered by the CCP’s recognition. Please note that the inclusion of the United Arab Emirates on AML blacklist (eventid=19706) ...
ESMA performs an analysis of the cross-border investment activity of firms
ID 24286
ESMA and NCAs conducted an analysis of cross-border investment services in 2022. While such services offer advantages like competition and expanded choices, they necessitate increased supervision and cooperation among NCAs. Key Points: – Data from 29 jurisdictions reveals insights into retail investor services. – 380 firms provided cross-border services, with 59% being investment firms and 41% credit institutions. – About 7.6 million EU/EEA clients ...
ESMA proposes revised technical standards on anti-procyclicality margin measures
ID 24283
ESMA has published a Final Report proposing revised technical standards on APC margin measures for CCPs. APC measures seek to reduce procyclicality in financial markets – procyclicality describing the phenomenon where financial variables, such as margins, amplify economic cycles in both directions. The aim of these measures is to harmonize policies and procedures related to the selection, assessment, and review of APC margin measures. ...
ESMA publishes 2022 UCITS and AIFMD sanction reports
ID 24257
ESMA has published its 2022 reports on the use of sanctions by NCAs under UCITSD and AIFMD. Some highlights from the reports: – UCITS sanctions: In 2022, 9 NCAs imposed a total of 38 penalties with over €97 million, compared to 61 penalties issued by 12 NCAs in 2021. AMF accounted for 98% of the total amount of penalties, and 16 NCAs did not ...
ESMA publishes Report on Suspicious Transactions and Order Reports
ID 24253
ESMA has published a report on STORs related to market abuse. The report provides insights into how STORs are used across different jurisdictions for detecting and investigating market abuse, and how their usage has evolved over time. The report mainly covers data from 2021 and 2022. Key findings from the report: – The total number of notifications received by NCAs in **2021 was 7,434, ...
Letter to IASB on the Exposure Draft Amendments to the Classification and ...
ID 24248
ESMA responded to the IASB regarding the Exposure Draft ED/2023/2, which concerns Amendments to the Classification and Measurement of Financial Instruments. ESMA expressed its support for certain proposals and provided suggestions for further clarity and improvements: – ESMA supported the IASB’s proposal to allow an entity to derecognize a financial liability settled using an electronic payment system before the settlement date if specific criteria ...
Letter to EFRAG on the IASB’s Exposure Draft Amendments to the Classification and ...
ID 24244
ESMA responds to the EFRAG regarding the Exposure Draft ED/2023/2, which proposes Amendments to the Classification and Measurement of Financial Instruments. ESMA supports certain proposals while suggesting improvements and seeking further clarifications in other areas: – Derecognition of financial liability settled through electronic transfer: ESMA agrees with permitting derecognition before the settlement date under specified criteria but requests better clarity on the ...
[ESMA33-5-87] Q&A on the Implementation of the Regulation (EU) No 462 2013 On ...
ID 24216
ESMA has published a revised version of the Q&As relating to the CRAR. Specifically, ESMA has added one modified Q&A in Part III: Methodologies, models and key rating assumptions on Article 8(7) – Error reporting. We would like to present the 3 sub-questions in full, together with a summary of the corresponding answers: — ### Question 8 (a) **What types of errors should be ...
[ESMA33-128-563] Questions and answers on the Securitisation Regulation
ID 24209
ESMA has updated its Q&As on the Securitisation Regulation. The document contains numerous new and modified Q&As as described below: ##### a) Q&As on Disclosure Requirements and Templates – General Questions: 1. Modified Question 5.1.7 (p. 31 ) To clarify, regarding the acceptance of non-XML data by a securitisation repository registered with ESMA, it is important to note that the repository has the authority ...