ESMA CONSULTS ON DEROGATION CRITERIA FOR DATA REPORTING SERVICES PROVIDERS

Following the ESAs Review, authorisation and supervision of data reporting services providers (DRSP) will move from competent authorities to ESMA.

Metadata
Provider: 
ESMAESMA
URL: 
https://www.esma.europa.eu/press-news/esma-news/esma-consults-derogation-criteria-data-reporting-services-providershttps://www.esma.europa.eu/press-news/esma-news/esma-consults-derogation-criteria-data-reporting-services-providers
Retrieved on: 
Friday, November 20, 2020
Information
Tags: 
European Union, Corporate law
Summary
Key Points: 
  • Following the ESAs Review, authorisation and supervision of data reporting services providers (DRSP) will move from competent authorities to ESMA.
  • The revised regulation envisages that certain ARMs and APAs may be exempted from direct EU supervision due to their limited relevance for the internal market.
  • The aim of this consultation is to provide technical advice to the European Commission on such derogation criteria, in particular on:

    Next steps

    The consultation closes on 4 January 2021.

  • ESMA will consider the feedback received from stakeholders in providing the technical advice to the Commission, and aims to publish its final report in Q1 2021.
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