Events listed in [ESMA] European Securities and Markets Authority
ESMA finds adequate setup of measures to reduce volatility in trading of energy ...
ID 23968
ESMA has conducted an assessment of the IVM implemented by trading venues for energy derivatives trading. The IVMs are designed to reduce extreme price volatility within a single trading day. ESMA’s assessment includes an evaluation of the calibration of the IVMs and their effectiveness in managing volatility. The report acknowledges that the assessment was conducted during a period without evidence of prolonged volatility episodes ...
ESMA publishes Guidelines on templates for summary resolution plans and for written ...
ID 23841
ESMA published two Final Reports containing guidelines on the CCPs Resolution Regime. These guidelines provide guidance on the templates for summary resolution plans and written arrangements for resolution colleges. The purpose of these guidelines is to assist NCAs in creating resolution colleges and establishing smooth processes for the resolution college agreement. – The guidelines on the template written arrangements for resolution colleges aim to ...
ESAs consult on the first batch of DORA policy products
ID 23760
The ESAs have initiated a consultation on the first batch of policy products under DORA. The consultation includes four draft RTS and one set of draft ITS. These technical standards aim to establish a consistent and harmonized legal framework in the areas of ICT risk management, major ICT-related incident reporting, and ICT third-party risk management. Under DORA, the ESAs have been mandated to jointly ...
ESMA launches Call for Evidence on sustainability in suitability and product ...
ID 23748
ESMA has launched a CfE to gather industry feedback on integrating sustainability preferences into suitability assessment and product governance arrangements under MiFID II. The objective of the CfE is to better understand how MiFID II requirements on sustainability are being implemented by firms and to gain insight into **investor experiences and reactions to the inclusion of sustainability factors in investment advice and portfolio management ...
Formal request to ESMA for technical advice on the review of Commission Directive ...
ID 23745
ESMA has received a formal request from the EC to review the Commission Directive 2007/16/EC on UCITS eligible assets. The objective is to assess the implementation of the Eligible Assets Directive across EU member states, identify any discrepancies, and provide recommendations for revising the directive to align it with market developments. The UCITS Directive is a **crucial framework for managing and marketing mutual funds ...
[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, ...
[ESMA34-43-392] Q&A on the application of the UCITS Directive
ID 23720
ESMA published an updated Q&As on the application of the UCITS Directive. Specifically, ESMA added four questions in Section I and IVs (the following text is quoted): #### Section I: General Question 8: Management of AIFs and pension schemes by UCITS management companies: – **Question 8a: Pursuant to Article 6(2) of the UCITS Directive, are UCITS management companies allowed to manage AIFs as a ...
[ESMA34-32-352] Q&A on the Application of the AIFMD
ID 23701
ESMA published an updated version of its Questions and Answers (Q&As) on the application of the Alternative Investment Fund Managers Directive (AIFMD). ESMA added 5 questions in Section II, IV and VII of the document which reads as follows (the following text is quoted): — #### Section II: Notifications of AIFs **Question 9: Where an investment strategy is developed by a third party (the ...
ESAs letter to the European Commission on EMIR bilateral margining framework and ...
ID 23695
The ESAs have written a letter to Mairead McGuinness, Irene Tinagli, and Elisabeth Svantesson, who hold important positions in the EC, EP, and Council of the EU, respectively. The letter addresses the issue of the Bilateral Margin RTS under EMIR. The RTS were initially developed and subsequently amended by the ESAs to align with international standards set by the BCBS and the IOSCO. The ...
[ESMA80-416-203 ] Guidelines on Disclosure Requirements for Initial Reviews and ...
ID 23645
Following the publication of the Final Report on „disclosure requirements of credit rating agencies (CRAs) for initial reviews and preliminary ratings“ back in January 2022, ESMA now published translations into the official EU languages on its website. To recall, in its consultation (please see EventID #11241 in this context), ESMA aimed to address the issue of “rating shopping“ which refers to the **engagement of ...