Events listed in [ESMA] European Securities and Markets Authority
ESMA sees high risks amid fragile markets
ID 21789
The European Securities and Markets Authority (ESMA), has published its first 2023 Report on Trends, Risks and Vulnerabilities (TRV). In its report, ESMA highlights the continuous high level of risk, and investors should be ready for additional market corrections. ESMA defines the drivers of risk in EU financial markets: The geopolitical environment, the slowdown in economic activity, high inflation, global financial tightening, and the ...
[ESMA34-43-392 ] Q&A on the application of the UCITS Directive
ID 21729
The European Securities and Markets Authority (ESMA) has published an updated Questions and Answers (Q&As) on the application of the UCITS Directive. Specifically, ESMA added one new question in Section I of the document relating to general (the following text is quoted): **Question 5e: Article 52(1)(b) of the UCITS Directive requires a UCITS not to invest more than 20% of its assets in deposits ...
[ESMA31-62-1258 ] Q&As on the Prospectus Regulation
ID 21726
The European Securities and Markets Authority, ESMA, has published an updated version of its questions and answers (Q&As) on the Prospectus Regulation (PR). Specifically, Part 15 of the document relating to „thresholds, calculations, exemptions, scope“ was updated to include new Q&A 15.10 which contains the following, as quoted: **Q15.10 Article 1(4)(d) of the prospectus regulation states: „The obligation to publish a prospectus set out ...
[ESMA70-460-189 ] Q&As DLT Pilot Regulation
ID 21718
The European Securities and Markets Authority (ESMA) has published an updated Questions and Answers (Q&A) document on the Distributed Ledger Technology (DLT) pilot regime. This includes the following new questions: Topic 3, „Transaction Reporting“: **Question 6 (page 11): According to Article 26(5) of MiFIR, TVs shall report on behalf of firms that are not subject to the transaction reporting regime. In a DLT MTF ...
ESMA issues Opinion on the trading venue perimeter
ID 21700
The European Securities and Markets Authority, ESMA, has published the Final Report on the Opinion on the trading venue perimeter, providing guidance on when certain systems and facilities qualify as multilateral and therefore should seek authorisation as a trading venue. Following a consultation (eventid=14271), the opinion elaborates on the MiFID II definition of multilateral systems and provides guidance on how to understand its constituent ...
ESMA publishes data for the systematic internaliser calculations
ID 21690
The European Securities and Markets Authority, ESMA, has published a press statement to announce the availability of the quarterly calculations for systematic internalisers (SIs) of equity and equity-like instruments, bonds and for other non-equity instruments and the consolidated tape provider (CTP) under MiFID II and MiFIR. The quarterly calculations include data from 1 July 2022 to 31 December 2022 and cover both the total ...
ESMA reviews the scope of clearing and derivatives trading obligations
ID 21686
The European Securities and Markets Authority, ESMA, has published its final report on the clearing (CO) and derivative trading (DTO) obligations to accompany the benchmark transition. For over-the-counter (OTC) interest rate derivatives (IRD) denominated in EUR, GBP, JPY, and USD, the report proposes revised Regulatory Technical Standards (RTS) that that would modify the scope of the CO and DTO and that have been already ...
ESMA consults on the review of the methodology on stress test scenarios for Money ...
ID 21645
The European Securities and Markets Authority, ESMA, started a consultation on the review of the methodology included in the Guidelines on stress test scenarios under the MMFR. The proposed amendment of the scenarios relates to the potential changes in the level of liquidity of the assets held in the MMF portfolio and the hypothetical macro-systemic shocks affecting the economy as a whole due to ...
MoU between ESMA and the FCA concerning EU Critical Benchmarks
ID 21634
The European Securities and Markets Authority, ESMA, has published a Memorandum of Understanding (MoU) concluded between itself and the UK Financial Conduct Authority (FCA) as regards EU Critical Benchmarks. Therein, the regulators agree to create appropriate mechanism for the efficient exchange of information in relation to EU critical benchmarks and non-critical benchmarks provided by administrators of EU critical benchmarks supervised by ESMA. They also ...
ESMA publishes data for the quarterly liquidity assessment of bonds
ID 21621
The European Securities and Markets Authority, ESMA, has published a press statement to announce the availability of the quarterly liquidity assessment for bonds. The quarterly liquidity assessment for bonds is based on „the daily average trading activity (trades and notional amount) and the percentage of days traded per quarter“ reported by trading venues. The full list of bonds may be accessed via this link. ...