European Market Infrastructure Regulation

ESMA PUBLISHES DRAFT REGULATORY TECHNICAL STANDARDS ON CHANGES TO CCPS’ ACTIVITIES AND MODELS

Retrieved on: 
Thursday, April 8, 2021
Financial markets, Systemic risk, Finance, Agencies of the European Union, European Union, Money, Financial regulation, European Market Infrastructure Regulation, Central counterparty clearing, European Securities and Markets Authority, Esma, Regulation

The European Securities and Markets Authority, the EUs securities markets regulator, today published its Final Report containing draft regulatory technical standards (RTS) relating to changes to central counterparty (CCP) services and activities, as well as models and parameters under the European Markets Infrastructure Regulation (EMIR).

Key Points: 
  • The European Securities and Markets Authority, the EUs securities markets regulator, today published its Final Report containing draft regulatory technical standards (RTS) relating to changes to central counterparty (CCP) services and activities, as well as models and parameters under the European Markets Infrastructure Regulation (EMIR).
  • Prior to making any significant change to its risk models or parameters, a CCP must also obtain validation from its competent authority and ESMA (Article 49).
  • The European System of Central Banks, the European Banking Authority and other relevant authorities have contributed to the drafting of the RTS.
  • ESMA submits the draft RTS to the European Commission for endorsement, following which the Commission Delegated Regulation will be subject to the non-objection of the European Parliament and the Council.

ESMA publishes Guidelines on periodic information for Trade Repositories

Retrieved on: 
Wednesday, April 7, 2021
Financial regulation, Financial markets, Corporate law, Systemic risk, European Union, European Market Infrastructure Regulation, Securities Financing Transactions Regulation, Government agencies, European Securities and Markets Authority, Business law

The European Securities and Markets Authority, the EUs securities markets regulator, publishes today Final report and Guidelines on reporting of periodic information and material changes by Trade Repositories (TRs) supervised under EMIR and SFTR.

Key Points: 
  • The European Securities and Markets Authority, the EUs securities markets regulator, publishes today Final report and Guidelines on reporting of periodic information and material changes by Trade Repositories (TRs) supervised under EMIR and SFTR.
  • The Guidelines aim to increase transparency of TRs supervised by ESMA.
  • The Guidelines will also streamline TR processes and ensure the accuracy of information used for the calculation of TR supervisory fees.
  • All periodic information items that have annual frequency and a reporting deadline of 31 January should, in the first year, be submitted by 30 June 2021.

ESMA publishes Guidelines on periodic information for Trade Repositories

Retrieved on: 
Tuesday, April 6, 2021
Financial regulation, Financial markets, Corporate law, Systemic risk, European Union, European Market Infrastructure Regulation, Securities Financing Transactions Regulation, Government agencies, European Securities and Markets Authority, Business law

The European Securities and Markets Authority, the EUs securities markets regulator, publishes today Final report and Guidelines on reporting of periodic information and material changes by Trade Repositories (TRs) supervised under EMIR and SFTR.

Key Points: 
  • The European Securities and Markets Authority, the EUs securities markets regulator, publishes today Final report and Guidelines on reporting of periodic information and material changes by Trade Repositories (TRs) supervised under EMIR and SFTR.
  • The Guidelines aim to increase transparency of TRs supervised by ESMA.
  • The Guidelines will also streamline TR processes and ensure the accuracy of information used for the calculation of TR supervisory fees.
  • All periodic information items that have annual frequency and a reporting deadline of 31 January should, in the first year, be submitted by 30 June 2021.

Royal Coal Announces Termination of Proposed Transaction with Climb Credit

Retrieved on: 
Wednesday, March 31, 2021
Feminine given names, Financial markets, Financial regulation, Given names, Corporate law, European Market Infrastructure Regulation, Systemic risk, European Securities and Markets Authority, Esma, United States Securities Regulation

This news release contains certain "forward-looking information" within the meaning of applicable securities law.

Key Points: 
  • This news release contains certain "forward-looking information" within the meaning of applicable securities law.
  • Forward looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "would", "potential", "proposed" and other similar words, or statements that certain events or conditions "may" or "will" occur.
  • The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change, unless required by law.
  • The reader is cautioned not to place undue reliance on forward-looking information.

ESMA updates EMIR Q&As

Retrieved on: 
Thursday, April 1, 2021
Financial regulation, Financial markets, Feminine given names, Corporate law, European Market Infrastructure Regulation, Systemic risk, Finance, Agencies of the European Union, European Union, Trade Repository, European Securities and Markets Authority, Esma

31 March 2021

Key Points: 
  • 31 March 2021

    Post Trading

    Supervisory convergence

    Trade Repositories

    The European Securities and Markets Authority (ESMA), the EUs securities markets regulator, has today updated itsQuestions and Answersdocument on practical questions regarding reporting issues under the European Markets Infrastructure Regulation (EMIR).

  • This Q&A document aims to ensure that the supervisory activities of the competent authorities under the Regulation converge along the lines of the responses adopted by ESMA.
  • It should also help investors and other market participants by providing clarity on EMIR requirements.
  • The updated Trade Repository (TR) Q&A 51 provides further clarifications on two aspects related to intragroup transactions (IGT) reporting exemption:

    The purpose of the Q&A document is to promote common supervisory approaches and practices in the application of EMIR.

ESMA updates EMIR Q&As

Retrieved on: 
Wednesday, March 31, 2021
Financial regulation, Financial markets, Feminine given names, Corporate law, European Market Infrastructure Regulation, Systemic risk, Finance, Agencies of the European Union, European Union, Trade Repository, European Securities and Markets Authority, Esma

31 March 2021

Key Points: 
  • 31 March 2021

    Post Trading

    Supervisory convergence

    Trade Repositories

    The European Securities and Markets Authority (ESMA), the EUs securities markets regulator, has today updated itsQuestions and Answersdocument on practical questions regarding reporting issues under the European Markets Infrastructure Regulation (EMIR).

  • This Q&A document aims to ensure that the supervisory activities of the competent authorities under the Regulation converge along the lines of the responses adopted by ESMA.
  • It should also help investors and other market participants by providing clarity on EMIR requirements.
  • The updated Trade Repository (TR) Q&A 51 provides further clarifications on two aspects related to intragroup transactions (IGT) reporting exemption:

    The purpose of the Q&A document is to promote common supervisory approaches and practices in the application of EMIR.

Governor Noem Is Responsible for Killing South Dakota's Women's Sports Bill, says Family Research Council

Retrieved on: 
Monday, March 29, 2021
Regions of the United States, Systemic risk, Economy, States of the United States, Corporate law, European Market Infrastructure Regulation, Financial regulation, Kristi Noem, Derivative, South Dakota, Margin

Governor Noem quickly responded today by again refusing to sign HB 1217, effectively killing the bill.

Key Points: 
  • Governor Noem quickly responded today by again refusing to sign HB 1217, effectively killing the bill.
  • Family Research Council President Tony Perkins said:
    "The South Dakota House of Representatives today soundly rejected Governor Noem's 'style and form' veto of the Fairness in Women's Sports Act.
  • Governor Noem had another opportunity to sign this bill and stand with the citizens of South Dakota and the legislature.
  • "Despite Governor Noem's refusal to stand up for common sense, Family Research Council will continue to support efforts in other states pushing back against destructive gender ideologies that threaten our young people, our families, and our freedom," concluded Perkins.

ESMA consults on simplified supervisory fees for Trade Repositories

Retrieved on: 
Thursday, March 25, 2021
Feminine given names, Financial markets, Financial regulation, Systemic risk, Given names, Corporate law, European Market Infrastructure Regulation, Securities Financing Transactions Regulation, European Securities and Markets Authority, Esma

24 March 2021

Key Points: 
  • 24 March 2021

    Market data

    Trade Repositories

    The European Securities and Markets Authority, the EUs securities markets regulator, today launched apublic consultationon the simplification of supervisory fees for Trade Repositories (TRs) under EMIR and SFTR.

  • Since 2013, ESMAs mandate includes the registration and supervision of Trade Repositories.
  • ESMA, based on several years practical experience in the implementation of its mandate regarding TRs, seeks feedback on the following proposals to simplify the:

    The proposed supervisory fee framework is consistent with the existing regime for Securitisation Repositories and Credit Rating Agencies under ESMAs direct supervision.

  • ESMA will consider the responses to this consultation in providing technical advice to the Commission and aims to publish its final report in Q2 2021.

ESMA consults on simplified supervisory fees for Trade Repositories

Retrieved on: 
Thursday, March 25, 2021
Feminine given names, Financial markets, Financial regulation, Systemic risk, Given names, Corporate law, European Market Infrastructure Regulation, Securities Financing Transactions Regulation, European Securities and Markets Authority, Esma

24 March 2021

Key Points: 
  • 24 March 2021

    Market data

    Trade Repositories

    The European Securities and Markets Authority, the EUs securities markets regulator, today launched apublic consultationon the simplification of supervisory fees for Trade Repositories (TRs) under EMIR and SFTR.

  • Since 2013, ESMAs mandate includes the registration and supervision of Trade Repositories.
  • ESMA, based on several years practical experience in the implementation of its mandate regarding TRs, seeks feedback on the following proposals to simplify the:

    The proposed supervisory fee framework is consistent with the existing regime for Securitisation Repositories and Credit Rating Agencies under ESMAs direct supervision.

  • ESMA will consider the responses to this consultation in providing technical advice to the Commission and aims to publish its final report in Q2 2021.

ESAs publish Joint Q&As on Bilateral Margining

Retrieved on: 
Saturday, March 20, 2021
Corporate law, European Market Infrastructure Regulation, Financial regulation, Systemic risk, Articles, Economy

19 March 2021

Key Points: 
  • 19 March 2021

    Post Trading

    The purpose of the Joint Q&As on bilateral margin requirements is to promote common supervisory approaches and practices in the application of EMIR.

  • It provides responses to questions posed by the public, market participants and competent authorities in relation to the practical application of the Regulation.
  • The Joint Q&As on Bilateral Margining clarify different aspects regarding the bilateral margin regime under EMIR:

    Background

    The Joint Q&As were developed by the ESAs based on their joint mandate (under Article 11(15) of EMIR) to define bilateral margin requirements.

  • The clarifications provided in relation to the exemption regime from bilateral margin for intragroup transactions and covered bonds aim to ensure that the supervisory activities of the competent authorities under the Regulation are converging along the lines of the responses adopted by the ESAs.