European Market Infrastructure Regulation

ESAs propose extending the EMIR equity option exemption

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Mardi, janvier 2, 2024
EIOPA, RTS, European Commission, Economy, European Market Infrastructure Regulation, EBA, European Parliament, EMIR, Civil service commission, Committee of Permanent Representatives, Letter, ESMA, Committee, Review, Financial adviser

ESAs propose extending the EMIR equity option exemption

Key Points: 
  • ESAs propose extending the EMIR equity option exemption
    The three European Supervisory Authorities (EBA, EIOPA and ESMA – the ESAs) published today the joint draft regulatory technical standards (RTS) under the European Market Infrastructure Regulation (EMIR) where they are proposing a two-year extension to the equity option exemption from bilateral margining, as well as issue a no-action opinion.
  • Today’s draft RTS provide clarity to market participants on how to handle equity options as from 4 January 2024, the date on which the current temporary exemption is set to expire.
  • More specifically, the ESAs are proposing to extend the temporary exemption and are issuing a no-action Opinion which includes clarifications on the supervisory expectations.
  • These texts introduce specific provisions on equity options, including a permanent exemption.

ESMA signs Memorandum of Understanding with the Indonesia Financial Services Authority and recognises PT Kliring Penjaminan Efek Indonesia as Tier 1 CCP

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Jeudi, novembre 9, 2023
TC, European Securities and Markets Authority, European Commission, CCP, Memorandum of understanding, Civil service commission, Adoption, European Market Infrastructure Regulation, EMIR, Financial Services Authority (Indonesia), Article 25, ESMA, Korea, Security (finance), Drug, EU

ESMA signs Memorandum of Understanding with the Indonesia Financial Services Authority and recognises PT Kliring Penjaminan Efek Indonesia as Tier 1 CCP

Key Points: 
  • ESMA signs Memorandum of Understanding with the Indonesia Financial Services Authority and recognises PT Kliring Penjaminan Efek Indonesia as Tier 1 CCP
    The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has signed a Memorandum of Understanding (MoU) with the Indonesia Financial Services Authority and updated its list of recognised third-country central counterparties (TC CCPs) under the European Markets Infrastructure Regulation (EMIR).
  • On 19 October 2023, ESMA recognised PT Kliring Penjaminan Efek Indonesia (KPEI) as a Tier 1 CCP under Article 25 of the European Market Infrastructure Regulation (EMIR).
  • The recognition of PT Kliring Penjaminan Efek Indonesia as a third country CCP follows the adoption of an equivalence decision regarding the regulatory framework for central counterparties in Indonesia with EMIR requirements on 8 June 2022.
  • ESMA and the Indonesia Financial Services Authority signed a Memorandum of Understanding (MoU) on 30 September 2023.

ESMA consults on possible changes to annual fees for Tier 1 Third country central counterparties

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Mardi, octobre 17, 2023
Introduction, European Securities and Markets Authority, EUR, TC, European Parliament, European Commission, OJ, Council, Introduction of the Bundesliga, European Market Infrastructure Regulation, European, Delegate, EMIR, Tier 1, Civil service commission, Market, ESMA, Property management, Fine chemical, EU

ESMA consults on possible changes to annual fees for Tier 1 Third country central counterparties

Key Points: 
  • ESMA consults on possible changes to annual fees for Tier 1 Third country central counterparties
    The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, today launches a public consultation on the revision of the Delegated Regulation regarding fees charged to Tier 1 third country central counterparties (CCPs) under the European Market Infrastructure Regulation (EMIR).
  • - Introduction of a basic minimum annual fee of EUR 50,000 per Tier 1 TC-CCP, and a maximum annual fee of EUR 250,000.
  • ESMA’s proposals aim to ensure that the annual fees charged to Tier 1 third country central counterparties (TC-CCPs) are more proportionate and accurately reflect the differences in size and activity across all Tier 1 TC-CCPs.
  • The feedback received will feed into ESMA’s Technical Advice to the European Commission on changes to the Delegated Regulation on fees charged to third country CCPs[1].

Arch Capital Group Names Seamus Fearon CEO, International Mortgage

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Jeudi, octobre 5, 2023
Banking, Professional Services, Insurance, Finance, Transfer, Mathematics, Faculty of Actuaries, Acquisition, CRT, Arch, Mathematical finance, Australian Prudential Regulation Authority, Dublin City University, Faculty, GSE, European Market Infrastructure Regulation, Capital Group Companies, Prudential regulation, Government-sponsored enterprise, Financial services

Arch Capital Group Ltd. (Arch) today announced Seamus Fearon has been promoted to CEO, International Mortgage for the Global Mortgage Group.

Key Points: 
  • Arch Capital Group Ltd. (Arch) today announced Seamus Fearon has been promoted to CEO, International Mortgage for the Global Mortgage Group.
  • In his new role, Fearon will be charged with further diversifying the platform of Arch’s Global Mortgage Group — the global leader in aggregating, managing and syndicating mortgage credit risk.
  • “Diversifying our mortgage portfolio has been a key strategy for the Global Mortgage Group over the last several years, and Seamus has played a critical role in growing our international business,” said David Gansberg, CEO of Arch’s Global Mortgage Group.
  • “Under Beau’s leadership, the International Mortgage group had many accomplishments including a first-of-its-kind capital relief transaction in Europe that helped establish our capabilities in that market.

ESMA Work Programme 2024: focus on digital change and the green transition

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Jeudi, septembre 28, 2023
Investment fund, Communication, National, Directive, Commission, DORA, European Securities and Markets Authority, ESAP, European Market Infrastructure Regulation, Information, Parliament, Alternative Investment Fund Managers Directive 2011, CSDR, Mica, Civil List Act 1979, Information and communications technology, European, UCITS, Undertakings for Collective Investment in Transferable Securities Directive 2009, ESMA, EMIR, Property management, Cryptocurrency, Management, EU

ESMA Work Programme 2024: focus on digital change and the green transition

Key Points: 
  • ESMA Work Programme 2024: focus on digital change and the green transition
    The European Securities and Markets Authority (ESMA), the EU’s financial market regulator and supervisor, today publishes its work programme for 2024.
  • By fostering effective regulation and supervision of the European capital markets, ESMA contributes to addressing the challenges faced by the EU and its citizens.
  • Verena Ross, Chair of ESMA, said:
    “The implementation of a number of significant legislative projects will shape ESMA’s work and responsibilities in 2024.
  • In the digital finance area ESMA will conclude the work on technical standards and guidelines in relation to the MiCA regulation and the Digital Operational Resilience Act (DORA).

Phoenix Tower International closes on 1,978 Sites across France

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Jeudi, août 31, 2023
Cellnex, European Market Infrastructure Regulation, Bouygues Telecom, City, Growth, BOCA, Monolithic kernel, Acquisition, European, PTI, SFR, News

BOCA RATON, Fla., Aug. 31, 2023 /PRNewswire/ -- Phoenix Tower International (PTI), a global leader in wireless infrastructure, is proud to announce a significant milestone - in the expansion of its business in France.

Key Points: 
  • BOCA RATON, Fla., Aug. 31, 2023 /PRNewswire/ -- Phoenix Tower International (PTI), a global leader in wireless infrastructure, is proud to announce a significant milestone - in the expansion of its business in France.
  • PTI successfully closed two transactions today with respect to 1,978 sites strategically located in very dense urban areas across France.
  • The closings include the acquisition of 1,226 sites hosting SFR through a subsidiary 100% owned by PTI, and the expansion of Phoenix France Infrastructures 2, a subsidiary of PTI, through the addition of 752 sites hosting Bouygues Telecom.
  • "With these transactions, PTI diversifies its portfolio across France with sites located all over the country, including major cities to better serve the populations with strong wireless connectivity.

Phoenix Tower International closes on 1,978 Sites across France

Retrieved on: 
Jeudi, août 31, 2023
Cellnex, European Market Infrastructure Regulation, Bouygues Telecom, City, Growth, BOCA, Monolithic kernel, Acquisition, European, PTI, SFR, News

BOCA RATON, Fla., Aug. 31, 2023 /PRNewswire/ -- Phoenix Tower International (PTI), a global leader in wireless infrastructure, is proud to announce a significant milestone - in the expansion of its business in France.

Key Points: 
  • BOCA RATON, Fla., Aug. 31, 2023 /PRNewswire/ -- Phoenix Tower International (PTI), a global leader in wireless infrastructure, is proud to announce a significant milestone - in the expansion of its business in France.
  • PTI successfully closed two transactions today with respect to 1,978 sites strategically located in very dense urban areas across France.
  • The closings include the acquisition of 1,226 sites hosting SFR through a subsidiary 100% owned by PTI, and the expansion of Phoenix France Infrastructures 2, a subsidiary of PTI, through the addition of 752 sites hosting Bouygues Telecom.
  • "With these transactions, PTI diversifies its portfolio across France with sites located all over the country, including major cities to better serve the populations with strong wireless connectivity.

EBA publishes validation requirements on initial margin models

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Vendredi, juillet 7, 2023
RTS, European Insurance and Occupational Pensions Authority, European Market Infrastructure Regulation, European Banking Authority, Financial Services and Markets Authority (Belgium), Civil service commission, Opinion, BCBS, European Securities and Markets Authority, Article, EBA, IM, Committee of Wise Men on the Regulation of European Securities Markets, European, Basel Committee on Banking Supervision, OTC, Bank, Compliance, International Organization (journal), International Organization of Securities Commissions, EMIR, Securities commission, European Commission, IOSCO, Cryptocurrency, Medical device, EU

06 July 2023

Key Points: 
  • 06 July 2023
    The European Banking Authority (EBA) published today its final draft Regulatory Technical Standards (RTS) on Initial Margin Model Validation (IMMV) under the European Markets Infrastructure Regulation (EMIR).
  • These draft RTS set out the supervisory procedures to ensure the prudent use of initial margin models for OTC derivatives.
  • The requirements set out in the RTS envisage a phased-in implementation of the supervisory requirements to ensure a smooth model validation process.
  • Jointly with the RTS, the EBA published an Opinion on IMMV, calling on co-legislators and the European Commission to consider the establishment of a centralised validation function at the EBA to ease the coordination issues linked to the validation of IM models that have industry-wide application.

ESMA launches Fifth Stress Test Exercise for Central Counterparties

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Vendredi, juin 2, 2023
European Market Infrastructure Regulation, European Systemic Risk Board, ESRB, Exercise, EMIR, Central counterparty clearing

launched its fifth Stress Test Exercise for Central Counterparties (CCPs) under the European Markets Infrastructure Regulation (EMIR). The CCP Stress Test framework is complemented by an adverse market scenario provided by the European Systemic Risk Board (ESRB).

Key Points: 

launched its fifth Stress Test Exercise for Central Counterparties (CCPs) under the European Markets Infrastructure Regulation (EMIR). The CCP Stress Test framework is complemented by an adverse market scenario provided by the European Systemic Risk Board (ESRB).
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ESMA recognises four new Third Country CCPs

Retrieved on: 
Mardi, mai 2, 2023
CCIL, Securities and Exchange Board of India, European Securities and Markets Authority, Tel Aviv Stock Exchange, RBI, Clearing Corporation, Financial Supervisory Commission (Taiwan), Reserve Bank of India, ICCL, SEBI, European Market Infrastructure Regulation, International Financial Services Centre, Superintendencia Financiera de Colombia, Securities Commission Malaysia, NSE, IICC, Securities commission, Microsoft, Reserve Bank, Associated Provincial Picture Houses Ltd v Wednesbury Corp, Security (finance), EMIR, Israel Securities Authority, TC, Financial adviser, Management, Limited, ESMA

ESMA recognises four new Third Country CCPs

Key Points: 
  • ESMA recognises four new Third Country CCPs
    The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has recognised four additional third country CCPs (TC-CCPs) under Article 25 of the European Market Infrastructure Regulation (EMIR), bringing the total number of TC-CCPs recognised by ESMA to 39.
  • The newly recognised TC-CCPs are:
    - Bursa Malaysia Derivatives Clearing Berhad (Malaysia);
    - Taiwan Futures Exchange Corporation (Taiwan);
    - Cámara de Riesgo Central de Contraparte de Colombia S.A. (Colombia); and
    - Tel-Aviv Stock Exchange Clearing House Ltd (Israel).
  • ESMA now has 25 cooperation arrangements for TC-CCP supervision with supervisory authorities from 20 third countries.
  • ESMA has updated its list of recognised third-country central counterparties (TC CCPs) accordingly.