ESMA performs an analysis of the cross-border investment activity of firms
Retrieved on:
Wednesday, July 19, 2023
The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, and national competent authorities (NCAs) completed an analysis of the cross-border provision of investment services during 2022.
Key Points:
- The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, and national competent authorities (NCAs) completed an analysis of the cross-border provision of investment services during 2022.
- The increase in the cross-border provision of financial services has benefits for consumers and firms, as it fosters competition, expands the offer available to consumers and the market for firms.
Next steps
- [2] Firms that provided investment services to less than 50 retail clients in any other Member State where not included in the scope of the data collection exercise.
- This approach has allowed for clear proportionality in conducting the exercise, with no burden for firms below the materiality threshold.
Further information: