Events listed in [ESMA] European Securities and Markets Authority
ESMA issues Opinion on CNMV product intervention measures
ID 24128
ESMA issued an Opinion on product intervention measures proposed by the Spanish CNMV concerning investor protection (eventid=22069). The CNMV had notified ESMA about its intention to take measures under Article 42 MiFIR, which allows NCAs to implement product intervention measures. The proposed measures by CNMV consisted of two main elements: First, there were further restrictions on the marketing of CFDs, a type of financial ...
New Manual on post-trade transparency available
ID 24108
ESMA has published a Manual on post-trade transparency, which serves as a user-friendly tool to provide guidance on how to apply the relevant MiFIR obligations consistently. The Manual aims to bring clarity to the large scope of instruments covered under MiFIR and the complexity of the system. The key areas covered in the Manual are as follows: – Instruments and transactions subject to **post-trade ...
ESMA upgrades rating data repository and publishes latest data on CRA performance
ID 24106
ESMA has recently improved its CEREP and released the latest data on CRA performance. This dataset includes transition matrices and default rates and covers ratings data until December 2022. CEREP serves as a platform for investors to evaluate the reliability and performance of credit ratings from various CRAs, asset classes, regions, and timeframes. Updates to CEREP are made every six months, with reporting periods ...
[ESMA35-335435667-4321 ] 2022 Report on MiFID II sanctions
ID 24093
ESMA published a report with an overview of the sanctions and measures imposed by NCAs under the MiFID II framework in 2022. It aims to analyze the trends and developments in the enforcement of MiFID II regulations across EU/EEA Member States. The data reported for 2022 a decrease in the overall activity of NCAs in imposing sanctions and measures compared to the previous year. ...
ESMA highlights areas for improvement in firms’ disclosure of cost and charges ...
ID 24069
ESMA has released a statement on its 2022 CSA and mystery shopping exercise related to the disclosure of costs and charges under MiFID II (eventid=14244). The CSA revealed that most firms comply with the ex-post cost and charges requirements, although compliance levels vary across Member States. However, there are several areas for improvement identified, including significant differences in disclosure format and content across firms ...
ESMA and NCAs to assess disclosures and sustainability risks in the investment fund ...
ID 24062
ESMA and NCAs are collaborating on a CSA to evaluate sustainability-related disclosures and the integration of sustainability risks in the investment fund sector. The initiative aims to ensure compliance with the SFDR, TR, UCITS and AIFMD implementing measures. ESMA has developed a common methodology for NCAs to assess the adherence of asset managers to applicable rules and standards, gather information on greenwashing risks, and ...
[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 ...
ESMA publishes second overview of national rules governing fund marketing
ID 24004
ESMA has published its second report under the CBFDR providing an overview of the marketing requirements referred to in Article 5(1) of the CBFDR in all Member States and an analysis of the impact of national laws, regulations and administrative provisions on marketing communications. The report is built on the information provided by the NCAs in response to the questionnaires which have been prepared ...
[ESMA31-62-1193 ] List of prospectus thresholds
ID 23998
ESMA has published an updated overview table of thresholds with regards to the exemption for offers of securities to the public from the obligation to publish a prospectus. The table includes a short description of the national thresholds below which no prospectus is required, a summary of any national rules which apply to offers below that threshold and hyperlinks to the relevant national legislation ...
[ESMA34-46-101 ] Register of authorised European long-term investment funds (ELTIFs)
ID 23997
ESMA has published the latest data – as of 3 July 2023 – on registered ELTIFs. Pursuant to Article 3, Paragraph 3, Sub-Paragraph 2 of the ELTIF Regulation, ESMA is required to make this data available to the public in an electronically readable format. Please note that the first tabulator contains the information on the data field formats which will **enable firms to adjust ...