European Market Infrastructure Regulation

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.

ESAs publish Joint Q&As on Bilateral Margining

Retrieved on: 
Friday, March 19, 2021
European Union, Corporate law, European System of Financial Supervision, Government, European Market Infrastructure Regulation, European Insurance and Occupational Pensions Authority, Business law

19 March 2021

Key Points: 
  • 19 March 2021

    The European Supervisory Authorities (EBA, EIOPA and ESMA - ESAs) published today three Joint Questions and Answers (Q&A) on RTS 2016/2251 on bilateral margin requirements under the European Markets Infrastructure Regulation (EMIR).

  • 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.

ESMA consults on regulating crowdfunding

Retrieved on: 
Saturday, February 27, 2021
Articles, Feminine given names, European Union, Finance, European Securities and Markets Authority, Crowdfunding, Esma, Equity crowdfunding, European Market Infrastructure Regulation

26 February 2021

Key Points: 
  • 26 February 2021

    Crowdfunding

    The European Securities and Markets Authority (ESMA), the EU securities markets regulator, has today launched a consultation on draft technical standards on crowdfunding under the European crowdfunding service providers regulation (ECSPR).

  • The new Regulation on crowdfunding regulates for the first time at EU level lending-based and equity-based crowdfunding services.
  • The ECSPR requires ESMA to develop 12 technical standards 8 regulatory technical standards (RTS) and 4 implementing technical standards (ITS) on a variety of important topics.
  • This consultation paper seeks input on the draft technical standards developed by ESMA, on the following issues:

    Next steps

    ESMA will consider the responses to this consultation when developing the draft technical standards for the European Commission.

ESMA consults on regulating crowdfunding

Retrieved on: 
Friday, February 26, 2021
Articles, Feminine given names, European Union, Finance, European Securities and Markets Authority, Crowdfunding, Esma, Equity crowdfunding, European Market Infrastructure Regulation

26 February 2021

Key Points: 
  • 26 February 2021

    Crowdfunding

    The European Securities and Markets Authority (ESMA), the EU securities markets regulator, has today launched a consultation on draft technical standards on crowdfunding under the European crowdfunding service providers regulation (ECSPR).

  • The new Regulation on crowdfunding regulates for the first time at EU level lending-based and equity-based crowdfunding services.
  • The ECSPR requires ESMA to develop 12 technical standards 8 regulatory technical standards (RTS) and 4 implementing technical standards (ITS) on a variety of important topics.
  • This consultation paper seeks input on the draft technical standards developed by ESMA, on the following issues:

    Next steps

    ESMA will consider the responses to this consultation when developing the draft technical standards for the European Commission.

ESMA publishes Guidelines to harmonise CCP supervisory reviews and evaluation under EMIR

Retrieved on: 
Thursday, February 25, 2021
Systemic risk, Articles, Corporate law, European Market Infrastructure Regulation, Financial regulation, Evaluation, Security, Computer security

The guidelines address common procedures and methodologies for the review of arrangements, strategies, processes and mechanisms implemented by CCPs.

Key Points: 
  • The guidelines address common procedures and methodologies for the review of arrangements, strategies, processes and mechanisms implemented by CCPs.
  • This includes the evaluation of risks, covering requirements for CCPs to address financial, organisational, operational, and prudential risks as laid down in EMIR.
  • The objective of these guidelines is to ensure consistency in format, frequency, and depth of CCP supervisory reviews and evaluation processes.
  • In particular, they cover review and evaluation of:

    Next steps

    The Guidelines will be translated in the official EU languages and published on ESMAs website.

ESMA publishes Guidelines to harmonise CCP supervisory reviews and evaluation under EMIR

Retrieved on: 
Wednesday, February 24, 2021
Systemic risk, Articles, Corporate law, European Market Infrastructure Regulation, Financial regulation, Evaluation, Security, Computer security

The guidelines address common procedures and methodologies for the review of arrangements, strategies, processes and mechanisms implemented by CCPs.

Key Points: 
  • The guidelines address common procedures and methodologies for the review of arrangements, strategies, processes and mechanisms implemented by CCPs.
  • This includes the evaluation of risks, covering requirements for CCPs to address financial, organisational, operational, and prudential risks as laid down in EMIR.
  • The objective of these guidelines is to ensure consistency in format, frequency, and depth of CCP supervisory reviews and evaluation processes.
  • In particular, they cover review and evaluation of:

    Next steps

    The Guidelines will be translated in the official EU languages and published on ESMAs website.

ESMA CALLS EXPERTS ON POST TRADING TO JOIN CONSULTATIVE INDUSTRY GROUP

Retrieved on: 
Wednesday, February 3, 2021
Financial markets, Given names, Financial regulation, Systemic risk, Corporate law, European Market Infrastructure Regulation, Agencies of the European Union, European Union, European Securities and Markets Authority, Esma, Government agencies

02 February 2021

Key Points: 
  • 02 February 2021

    Post Trading

    The European Securities and Markets Authority (ESMA) has published today a call for candidatesto renew the Consultative Working Group (CWG) for the ESMAs Post Trading Standing Committee (PTSC).

  • It is also expected to assist the PTSC in assessing the potential impact of proposed technical standards and guidance.
  • The PTSC is responsible for preparing ESMAs technical advice, technical standards, reports, opinions, guidelines, Q&As and other guidance related to the implementation of post trading legislations, in particular CSDR and EMIR.
  • Interested experts are invited to send their applications to ESMA by 8 March 2021.

ESMA CALLS EXPERTS ON POST TRADING TO JOIN CONSULTATIVE INDUSTRY GROUP

Retrieved on: 
Tuesday, February 2, 2021
Financial markets, Given names, Financial regulation, Systemic risk, Corporate law, European Market Infrastructure Regulation, Agencies of the European Union, European Union, European Securities and Markets Authority, Esma, Government agencies

02 February 2021

Key Points: 
  • 02 February 2021

    Post Trading

    The European Securities and Markets Authority (ESMA) has published today a call for candidatesto renew the Consultative Working Group (CWG) for the ESMAs Post Trading Standing Committee (PTSC).

  • It is also expected to assist the PTSC in assessing the potential impact of proposed technical standards and guidance.
  • The PTSC is responsible for preparing ESMAs technical advice, technical standards, reports, opinions, guidelines, Q&As and other guidance related to the implementation of post trading legislations, in particular CSDR and EMIR.
  • Interested experts are invited to send their applications to ESMA by 8 March 2021.

ESMA UPDATES EMIR Q&A’S

Retrieved on: 
Friday, January 29, 2021
Financial markets, Financial regulation, Agencies of the European Union, European Union, Government agencies, Corporate law, Given names, European Market Infrastructure Regulation, Systemic risk, European Securities and Markets Authority, Esma, Unique Transaction Identifier

28 January 2021

Key Points: 
  • 28 January 2021

    Post Trading

    Supervisory convergence

    Trade Repositories

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

  • This document aims at ensuring 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 purpose of the Q&A document is to promote common supervisory approaches and practices in the application of EMIR.

ESMA UPDATES EMIR Q&A’S

Retrieved on: 
Friday, January 29, 2021
Financial markets, Financial regulation, Agencies of the European Union, European Union, Government agencies, Corporate law, Given names, European Market Infrastructure Regulation, Systemic risk, European Securities and Markets Authority, Esma, Unique Transaction Identifier

28 January 2021

Key Points: 
  • 28 January 2021

    Post Trading

    Supervisory convergence

    Trade Repositories

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

  • This document aims at ensuring 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 purpose of the Q&A document is to promote common supervisory approaches and practices in the application of EMIR.