Events listed in [ESMA] European Securities and Markets Authority
[ESMA35-36-2819 ] Final Report on the Review of the ITS on cooperation in ...
ID 22520
The European Securities and Markets Authority (ESMA) has released a Final Report on a “Review of the ITS on cooperation in supervisory activities under MiFID II“. The report outlines the need for competent authorities to cooperate and exchange information in an efficient and timely manner for the purposes of Directive 2014/65/EU, which sets out obligations for such cooperation. The European Commission previously published implementing ...
ESMA publishes guidance on fractional shares
ID 22502
The European Securities and Markets Authority (ESMA) has issued a public statement regarding the investor protection concerns raised by derivatives on fractions of shares. The statement discusses the rise of online investment firms known as „neo-brokers“ that operate exclusively through websites and apps, often offering fractional investing in multiple EU countries under the MiFID Directive. **Fractional investing allows investors to determine the amount they ...
ESMA consults on position calculations for Trade Repositories
ID 22497
The European Securities and Markets Authority (ESMA) has launched a consultation on proposed amendments to its Guidelines for Trade Repositories (TRs) on position calculation under the European Market Infrastructure Regulation (EMIR). The aim is to enhance consistency of position calculation across TRs under EMIR Refit standards by focusing on the scope of data to be used, the time of calculation, and the calculation methodologies. ...
ESMA updates its guidance on product governance
ID 22493
The European Securities and Markets Authority (ESMA) has released an updated Final Report on Guidelines on MiFID II product governance requirements. The report includes amendments to the guidelines on MiFID II product governance, such as + specifying sustainability-related objectives that a product is compatible with and + identifying a target market per cluster of products rather than per individual product, + the determination of ...
[ESMA91-372-1702 ] Guidelines on CCP recovery plan indicators (Article 9(5) CCPRRR)
ID 22474
Following the Final Report (eventid=14542), the European Securities and Markets Authority (ESMA) has now published the final „Guidelines on CCP recovery plan indicators (Article 9(5) of CCPRRR)“. The Guidelines provide competent authorities and CCPs with guidance on establishing the minimum list of qualitative and quantitative indicators to be included in CCP recovery plans. They apply to competent authorities and CCPs authorized under EMIR in ...
[ESMA91-372-1701 ] Guidelines on CCP recovery plan scenarios (Article 9(12) of ...
ID 22457
Following the Final Report (eventid=14542), the European Securities and Markets Authority (ESMA) has now published the final „Guidelines on CCP recovery plan scenarios (Article 9(12) of CCPRRR)“. The Guidelines provide competent authorities and CCPs with guidance on the range of scenarios to be considered for the purposes of CCP recovery plans. The Guidelines apply to competent authorities and CCPs authorized under Article 14 of ...
ESMA fines S&P €1.11 million for failures related to the premature release of ...
ID 22456
The European Securities and Markets Authority (ESMA) issued a public notice stating that it found S&P Global Ratings Europe Limited (S&P) negligently committed infringements of the CRA Regulation and imposed a fine of €1.11 million. Specifically, the Board of Supervisors found that S&P failed to have internal control mechanisms adequate to ensure compliance with its obligations regarding the timely disclosure of credit ratings. This ...
[ESMA34-466-295 ] The macro-prudential supervision of investment funds – from a ...
ID 22402
Verena Ross, Chair of ESMA, spoke at the ALFI Conference 2023 on the macro-prudential supervision of investment funds. She discussed the recent market developments in the investment management sector and its vulnerabilities, including liquidity mismatch and excessive leverage. She also addressed ongoing regulatory agendas at international and European levels, focusing on financial stability and macro-prudential supervision. Ross emphasized the need for risk monitoring and ...
ESMA raises concerns with the proposed changes to the insider list regime
ID 22371
The European Securities and Markets Authority (ESMA) has expressed concerns in a letter to the European Parliament and Council regarding proposed changes to the insider list regime in the Markets Abuse Regulation (MAR). The changes were proposed in December 2022 as part of the Listings Act proposal and would limit insider lists to only include persons who have regular access to inside information, not ...
[ESMA22-106-4551 ] SMSG advice on additional questions relating to greenwashing
ID 22312
The Securities and Markets Stakeholder Group (SMSG) has provided advice to the European Securities and Markets Authority (ESMA) on additional questions relating to greenwashing. The SMSG recommends that a definition of greenwashing for the financial sector be aligned with definitions used in the broader economy and be linked to existing rules that would be violated by instances of greenwashing. The SMSG proposes a holistic ...