Events listed in [ESMA] European Securities and Markets Authority
[ESMA35-43-349 ] Q&As on MiFID II and MiFIR investor protection topics
ID 26319
ESMA has published an updated version of its Questions and Answers (Q&A) on MiFID II and MiFIR investor protection and intermediaries topics. The latest version includes following changes – as quoted (with tracked changes): ___ #### Information on costs and charges: **Question 13 (amended): When providing information of costs and charges to clients, on which basis should costs be aggregated? What is the level ...
[ESMA35-42-1088 ] Q&A on the European crowdfunding service providers for ...
ID 26312
ESMA has published an updated version of its Q&A on the ECSPR (Regulation (EU) 2020/1503). In this latest version, three new Q&As were added relating to General provisions as set out in Section 3, provisions of crowdfunding services and organisational and operational requirements as set out in Section 4 and Investor protection and marketing communications as set out in Section 5 of the document. ...
ESMA consults on draft guidelines for supervision of corporate sustainability ...
ID 26311
ESMA launched a consultation on Draft Guidelines on Enforcement of Sustainability Information (GLESI), aiming to ensure consistent supervision by NCAs over listed companies‘ sustainability information in line with the CSRD, ESRS, and the TR. The primary goals of these guidelines are twofold. Firstly, ESMA seeks to ensure that NCAs supervise sustainability information of listed companies in a converged manner. This involves adhering to the ...
[ESMA80 -187-881 ] BMR Brexit Statement updated
ID 26297
ESMA has published an updated statement regarding UK-based third country benchmarks and UK endorsed and recognised benchmarks. Specifically, as the BMR transition period has been extended until 31 December 2025, EU supervised entities may use UK third country benchmarks for references and perfomance measurement purposes – even if the benchmarks are no longer in the ESMA register. The same holds true for benchmarks that ...
[ESMA70-145-114 ] Q&A on the Benchmarks Regulation (BMR)
ID 26296
ESMA has published an updated version of its Questions and Answers (Q&A) on the Benchmark Regulation (Regulation (EU) 2016/1011). The latest version includes following changes – as quoted (with tracked changes): ___ #### Application of the Regulation outside the EU: Q4.4 Does the provision of and contribution to benchmarks that are used outside the European Union only fall within the scope of the BMR? ...
ESMA proposes changes and updates timeline for its Guidelines on funds’ names
ID 26271
ESMA has provided an update on its guidelines regarding the use of ESG and sustainability-related terms in fund names (eventid=18186). Initially, the guidelines were expected to be published in Q2 2024; however, ESMA has decided to postpone their adoption to account for the outcome of the AIFMD and UCITS Directive reviews. The revised legal texts include two new mandates for ESMA to establish guidelines ...
ESMA offers recommendations on digitalisation of retail investment services
ID 26265
ESMA has recently released a discussion paper that addresses the digitalization of retail investment services and its implications for investor protection. The paper explores the changing landscape of retail investments, specifically examining the increased adoption of digital tools and social media by both firms and investors in the aftermath of the COVID-19 pandemic. ESMA aims to collect feedback from stakeholders until 14 March 2024, ...
[ESMA81-168987738-671 ] Report on sanctions imposed under the Benchmarks Regulation ...
ID 26239
The report by ESMA on Administrative Sanctions and Measures and Criminal Sanctions under the Benchmarks Regulation in 2022 is the second annual report under the Benchmarks Regulation. In 2022, the report reveals that one administrative sanction and one administrative measure were imposed by two NCAs for infringements of the Benchmarks Regulation, with no criminal sanctions reported. The low number of sanctions in 2022 limits ...
ESMA to launch and participate in Common Supervisory Action on ESG disclosures for ...
ID 26228
ESMA is set to initiate a CSA in collaboration with NCAs on ESG disclosures within the framework of the BMR. This marks ESMA’s first CSA as a direct supervisor of Benchmarks Administrators. The CSA will primarily focus on evaluating compliance with ESG disclosure requirements in the BMR for supervised Benchmarks Administrators, whether located in the EU or a third country. Key areas of scrutiny ...
ESAs recommend steps to improve activities of innovation facilitators across the ...
ID 26197
The ESAs have issued a comprehensive report on innovation facilitators, encompassing innovation hubs and regulatory sandboxes, with a focus on enhancing their role and efficiency in the financial sector across the EEA. The report acknowledges improvements in the operations of EEA innovation hubs since the last assessment in 2019, emphasizing their continued dedication to enhancing firms‘ understanding of regulations and supervisory expectations. Regulatory sandboxes ...