Events listed in [ESMA] European Securities and Markets Authority
Amended rules for transparency calculations to start applying on 5 June 2023
ID 23478
ESMA announced that starting from 5 June 2023, amended rules under MiFIR will come into effect. These rule changes will primarily impact the transparency calculations for equity, equity-like, and non-equity instruments. Here are the key amendments: – Change of LIS Thresholds for ETFs: The pre-trade LIS threshold for ETFs will increase from €1,000,000 to €3,000,000. Additionally, the smallest post-trade LIS thresholds will rise from ...
ESMA launches Fifth Stress Test Exercise for Central Counterparties
ID 23477
ESMA announced the launch of its fifth Stress Test Exercise for CCPs under EMIR. This exercise aims to assess the resilience of CCPs and measure potential risks to the broader financial ecosystem. Fourteen CCPs authorized in the EU and two UK CCPs are included in the exercise. The stress test framework includes several components: **credit stress, concentration risk, liquidity stress, climate risk, and reverse ...
[ESMA35-42-1305 ] ESCPR – Miscellaneous reporting to ESMA
ID 23474
ESMA published an updated version of its document in connection with crowdfunding services and their providers in the EU. Specifically, the document provides current information on: 1. companies registered in each member state that fall under the provisions of the ECSPR (Article 2); 2. the languages accepted by NCAs with respect to the publication of the KID (Article 23); 3. local regulations per jurisdiction ...
[ESMA81-393-644 ] Final Report on the Review of the RTS on the information to be ...
ID 23467
ESMA published a final report on the review of the RTS on the information required in an application for authorization and registration under the Benchmarks Regulation, including draft RTS on that subject. The purpose of this report is to align the RTS with the changes proposed in ESMA’s previous report on the review of the RTS on recognition, ensuring equal treatment between **EU-based and ...
Notifications of Compliance with Guidelines – Overview Table
ID 23460
ESMA has published an updated version of the table providing an overview of the level of compliance reported by NCAs as regards the application of ESMA guidelines in their respective jurisdictions.
[ESMA70-151-2218 ] Public Register for the Clearing Obligation under EMIR
ID 23446
ESMA has published an new version as of 26 May 2023 of its Public Register for the Clearing Obligation under EMIR as mandated by Article 6 of Regulation (EU) No 648/2012, EMIR, and Article 8 of Commission Delegated Regulation (EU) No 149/2013. In this register, ESMA publicly specifies the following: 1. the „classes of OTC derivatives subject to the clearing obligation“ including OTC interest ...
Compliance table on Guidelines on methodology oversight function and record keeping ...
ID 23445
Following the publication of the Guidelines on methodology, oversight function and record keeping (ESMA81-393-288) under the BMR, which became applicable from 31 May 2022. ESMA has published an update on the corresponding compliance table. The table sets out which member states comply or intend to comply with the guidelines and – in latter case – by which date such compliance is expected. The table ...
ESAs launch discussion on criteria for critical ICT third-party service providers ...
ID 23435
The ESAs have published a joint Discussion Paper on the criteria for CTPPs and the oversight fees to be imposed on them. This paper is a response to a request for technical advice from the EC regarding the DORA. The DORA aims to establish a comprehensive framework for the digital operational resilience of the financial sector, including enhanced **ICT risk management and testing rules ...
[ESMA35-42-1088] Q&A on the European crowdfunding service providers for ...
ID 23431
ESMA has published an updated version of its Q&A on the ECSPR (Regulation (EU) 2020/1503). In this latest version, several new Q&As were added relating to the use of SPVs as set out in Section 1 and authorization issues as set out in Section 6 of the document. We would like to present the new entries in full, quote: — #### Use of SPVs ...
[ESMA34-32-352] Q&A on the Application of the AIFMD
ID 23429
ESMA has published an updated version of its Questions and Answers on the application of the AIFMD. Specifically, ESMA added one Section XVII to the document relating to Marketing – full quote: #### Section XVII: Marketing Question 1: Are non-EU AIFMs allowed to carry out pre-marketing activities pursuant to Article 30a of the AIFMD? (new) // page 62 Answer 1: No, Article 30a of ...