Events listed in [ESMA] European Securities and Markets Authority
ESMA finds that MCM had no measurable impact on financial markets under current ...
ID 22084
The European Securities and Markets Authority (ESMA) has published its Effects Assessment of the introduction of the market correction mechanism (MCM) on gas derivative markets. ESMA explored together with ACER (eventid=19975) whether there has been any shift in trading due to the MCM and found no changes in EU gas derivatives trading that could be directly attributed to it. The report also describes the ...
[ESMA32-61-505 ] Letter to IASB on Exposure Draft International Tax Reform – Pillar ...
ID 22033
The European Securities and Markets Authority (ESMA) welcomes the International Accounting Standards Board (IASB)’s initiative to introduce a temporary exception to the accounting for deferred taxes arising from the implementation of the Pillar Two model rules, and supports the Exposure Draft ED/2023/1 to make the temporary exception mandatory rather than optional. However, ESMA considers the proposed exception to be a departure from the __fundamental ...
[ESMA22-106-4511 ] SMSG advice to ESMA on ESMA’s consultation on Guidelines on ...
ID 21964
On 21 February 2023, the Securities and Markets Stakeholder Group (SMSG) published its response to the consultation by European Securities and Markets Authority (ESMA) on Guidelines on funds’ names using ESG or sustainability-related terms (“naming” consultation). (eventid=18186) – Following the ESAs‘ consultation on greenwashing (eventid=18118), ESMA is consulting on future Guidelines on funds´ names that include ESG or sustainability-related terms. The SMSG conc ...
[ESMA71-99-2097 ] Decision of AMF/ACPR and BaFin regarding actions relating to ...
ID 21935
The European Securities and Markets Authority (ESMA) published a statement on the Decision of AMF/ACPR and BaFin regarding the termination of membership towards 6 Indian central counterparties. According to EMIR 2.2, ESMA was obligated to assess third-country CCP recognitions and to finalize, by 22 March 2022, suitable cooperation agreements with the necessary authorities to assist information sharing and forwarding regarding cross-border clearing activities. ESMA ...
[JC 2023 02 ] Joint Committee Q&As relating to the Securitisation Regulation
ID 21934
The three ESAs – ESMA, EIOPA, and EBA – have published a revised version of their questions and answers (Q&As) in connection with the securitization of assets. Specifically, the ESAs added Questions 7-17, which we would like to present in full as follows: >Q7: The inclusion of early amortisation provisions or trigger for termination of the revolving period in the transaction documentation In the ...
ESMA assesses supervision of Central Securities Depositories
ID 21893
The European Securities and Markets Authority (ESMA), published its Peer Review Report on the national supervision of Central Securities Depositories (CSDs) providing cross-border services or participating in interoperable links. Six National Competent Authorities (NCAs) were evaluated in terms of how they supervise CSDs that use the freedom to provide services in another Member State. On-site visits to the CSSF (Luxembourg), FKTK (Latvia), and NBB ...
[ESMA22-106-4405 ] SMSG advice on DORA
ID 21885
On 14 February 2023, the Securities and Markets Stakeholder Group (SMSG) published its advice on the Digital Operational Resilience Act (DORA). DORA is a new regulation proposed by the European Commission that aims to enhance the digital operational resilience of the financial sector in the EU. At both member-state and Union levels, various authorities are given charge of implementing the __DORA, NIS 2, and ...
[ESMA91-398-6389 ] MoU between ESMA and SFC related to CCPs established in Colombia
ID 21877
The European Securities and Markets Authority, ESMA, has published a Memorandum of Understanding (MoU) concluded between itself and the Superintendencia Financiera de Colombia (SFC), as regards the supervision of Colombian central counterparties (CCPs). Therein, the regulators agree to closely cooperate on such supervision and exchange information on counterparties that are applying or have already applied for third-country recognition in the European Union or that ...
[ESMA70-152-348] List of third-country CCPs recognised to offer services and ...
ID 21874
On 10 February 2023, the European Securities and Markets Authority, ESMA, has published an updated list of third-country central counterparties (CCPs) which are recognized to offer clearing services and perform activities in the European Union in accordance with Article 25 of the European Market Infrastructure Regulation (EMIR). The list also includes a table of classes of financial instruments by each counterparty which are covered ...
ESMA Q&As – list of questions currently under development
ID 21822
On 10 February 2023, the European Securities and Markets Authority (ESMA) published an updated version of the list containing questions received through its Q&A process. ESMA is working on developing a web-based tool to facilitate the submission of questions and the publication of questions received. Compared to the previous version, the updated version contains one new section with following new questions: **Section 14 „DLT ...