Securities market

ESMA REPORTS ON ANNUAL MARKET SHARE OF CREDIT RATING AGENCIES

Retrieved on: 
Monday, December 14, 2020

14 December 2020

Key Points: 
  • 14 December 2020

    Credit Rating Agencies

    The European Securities and Markets Authority (ESMA), the EUs securities markets regulator, has published its annual market share calculation for EU registered credit rating agencies (CRAs).

  • The purpose of the market share calculation is to facilitate issuers and related third parties in their evaluation of a CRA with no more than 10% total market share in the EU.
  • This calculation is required by Article 8d of the CRA Regulation, which aims to stimulate competition in the credit rating industry by encouraging issuers and related third parties to appoint smaller CRAs.
  • The CRA Regulation (CRAR), under Article 8d, says that issuers or related third parties are required to consider appointing a CRA with no more than 10% total market share whenever they intend to appoint one or more CRAs to rate an issuance or entity.

Global Gamification Market to Accelerate at 27% CAGR and Register $ 17.56 Billion Growth During 2020-2024 | Technavio

Retrieved on: 
Saturday, December 5, 2020

The market growth in the segment will be significant during the forecast period.

Key Points: 
  • The market growth in the segment will be significant during the forecast period.
  • By geography, North America is going to have a lucrative growth during the forecast period.
  • Market growth in this region will be slower than the growth of the market in APAC.
  • Click Here to Get an Exclusive Free Sample Report
    Global Streaming Analytics Market - Global streaming analytics market is segmented by deployment (cloud and on-premise) and geography (APAC, Europe, MEA, North America, and South America).

Korea Fund Announces Adoption of Conditional Tender Offer Policy

Retrieved on: 
Thursday, December 3, 2020

The Korea Fund, Inc. is a non-diversified, closed-end investment company.

Key Points: 
  • The Korea Fund, Inc. is a non-diversified, closed-end investment company.
  • The Fund seeks long-term capital appreciation through investing primarily in equity securities trading on the Korean stock exchanges.
  • This announcement is not an offer to purchase or the solicitation of an offer to sell shares of the Fund or a prospectus, circular or representation intended for use in the purchase or sale of Fund shares.
  • Fund shares are not FDIC-insured and are not deposits or other obligations of, or guaranteed by, any bank.

Black Friday Sofa Deals (2020): Top Sleeper Sofa, Leather Couch, Sectional Sets & More Savings Researched by Save Bubble

Retrieved on: 
Wednesday, November 25, 2020

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Key Points: 
  • Click here to see the full selection of live deals at Walmarts Black Friday Deals for Days sales event and click here to shop Amazons latest Black Friday deals.
  • Save Bubble earns commissions from purchases made using the links provided.
  • Where a sleeper looks like a standard sectional couch, a futon sofa is more compact and thereby ideal for rooms with limited space.
  • About Save Bubble: Save Bubble round-up the latest online sales news.

ESMA consults on guidance for funds’ marketing communications

Retrieved on: 
Tuesday, November 10, 2020

09 November 2020

Key Points: 
  • 09 November 2020

    Fund Management

    The European Securities and Markets Authority (ESMA), the EUs securities markets regulator, today launches a consultation on guidelines on marketing communications under the Regulation on facilitating cross-border distribution of collective investment undertakings.

  • The purpose of the draft guidelines is to specify the requirements for marketing communications sent to investors in order to promote UCITS and AIFs, including EuSEFs, EuVECAs and ELTIFs.
  • These requirements are that the material shall:

    The guidelines take into account the on-line aspects of marketing communications.

  • Next steps

    ESMA invites feedback from interested stakeholders on the proposed guidelines by 8 February 2021 and will consider this feedback with a view to issue final guidelines by 2 August 2021.

ESMA consults on guidance for funds’ marketing communications

Retrieved on: 
Tuesday, November 10, 2020

09 November 2020

Key Points: 
  • 09 November 2020

    Fund Management

    The European Securities and Markets Authority (ESMA), the EUs securities markets regulator, today launches a consultation on guidelines on marketing communications under the Regulation on facilitating cross-border distribution of collective investment undertakings.

  • The purpose of the draft guidelines is to specify the requirements for marketing communications sent to investors in order to promote UCITS and AIFs, including EuSEFs, EuVECAs and ELTIFs.
  • These requirements are that the material shall:

    The guidelines take into account the on-line aspects of marketing communications.

  • Next steps

    ESMA invites feedback from interested stakeholders on the proposed guidelines by 8 February 2021 and will consider this feedback with a view to issue final guidelines by 2 August 2021.

ESMA CONSULTS ON MIFID II/ MIFIR OBLIGATIONS ON MARKET DATA

Retrieved on: 
Saturday, November 7, 2020

06 November 2020

Key Points: 
  • 06 November 2020

    MiFID - Secondary Markets

    The European Securities and Markets Authority (ESMA), the EUs securities markets regulator, has today launched aConsultation Paper(CP) seeking input from market participants in relation to its draft guidelines on the MiFID II/MiFIR obligations on market data.

  • The proposed Guidelines build on the assessments and recommendations from a 2019 ESMA Report on Market Data.
  • They provide guidance on the requirement to publish market data on a reasonable commercial basis and the requirement to make market data available free of charge 15 minutes after publication.
  • The proposed Guidelines will ensure better and uniform application of the MiFID II/MiFIR obligations on market data.

ESMA CONSULTS ON MIFID II/ MIFIR OBLIGATIONS ON MARKET DATA

Retrieved on: 
Saturday, November 7, 2020

06 November 2020

Key Points: 
  • 06 November 2020

    MiFID - Secondary Markets

    The European Securities and Markets Authority (ESMA), the EUs securities markets regulator, has today launched aConsultation Paper(CP) seeking input from market participants in relation to its draft guidelines on the MiFID II/MiFIR obligations on market data.

  • The proposed Guidelines build on the assessments and recommendations from a 2019 ESMA Report on Market Data.
  • They provide guidance on the requirement to publish market data on a reasonable commercial basis and the requirement to make market data available free of charge 15 minutes after publication.
  • The proposed Guidelines will ensure better and uniform application of the MiFID II/MiFIR obligations on market data.

ESMA publishes first Q&As on SFTR Reporting

Retrieved on: 
Friday, November 6, 2020

05 November 2020

Key Points: 
  • 05 November 2020

    Post Trading

    Securities Financing Transactions

    Trade Repositories

    The European Securities and Markets Authority (ESMA), the EUs securities markets regulator, has today published its first set of Questions and Answersrelating toreporting under theSecurities Financing Transactions Regulation(SFTR).

  • The purpose of this Q&A is to provide greater clarity to market participants on how to comply with their reporting requirements under SFTR.
  • The Q&A includes clarifications on how reporting of certain business events should be performed, such as:

    * Reporting of fields related to time and applicable calendars

    * Reporting of settlement legs

    * Reporting of SFTs collateralised initially at transaction and then at net exposure level

    * Reporting of SFTs concluded off venue and cleared on the same day

    * Reporting of zero collateral for margin loans

    The set of Q&A complements ESMAs guidance on reporting under SFTR and is aimed at trade repositories and at entities that have a reporting obligation under SFTR.

ESMA publishes first Q&As on SFTR Reporting

Retrieved on: 
Thursday, November 5, 2020

05 November 2020

Key Points: 
  • 05 November 2020

    Post Trading

    Securities Financing Transactions

    Trade Repositories

    The European Securities and Markets Authority (ESMA), the EUs securities markets regulator, has today published its first set of Questions and Answersrelating toreporting under theSecurities Financing Transactions Regulation(SFTR).

  • The purpose of this Q&A is to provide greater clarity to market participants on how to comply with their reporting requirements under SFTR.
  • The Q&A includes clarifications on how reporting of certain business events should be performed, such as:

    * Reporting of fields related to time and applicable calendars

    * Reporting of settlement legs

    * Reporting of SFTs collateralised initially at transaction and then at net exposure level

    * Reporting of SFTs concluded off venue and cleared on the same day

    * Reporting of zero collateral for margin loans

    The set of Q&A complements ESMAs guidance on reporting under SFTR and is aimed at trade repositories and at entities that have a reporting obligation under SFTR.