European Securities and Markets Authority

TUI AG: Publication of Prospectuses

Retrieved on: 
Friday, March 24, 2023
Bank of America, Failure, Barclays, Federal Financial Supervisory Authority, Acquisition, Investment, European Securities and Markets Authority, Financial Services and Markets Act 2000, London Stock Exchange, Sponsor, T+1, Underwriting, Prospectus, Deutsche Bank, Offering, UniCredit, Commerzbank, Security (finance), LSE, European Union (Withdrawal) Act 2018, Advertising, FCA, Investment banking, DI, Financial services, Person, Sale, HSBC Trinkaus, London, ING Group, United Kingdom, Merrill (company), United Arab Emirates, Natixis, EU

The DI Pre-Emptive Rights will expire at the end of the DI Rights Subscription Period.

Key Points: 
  • The DI Pre-Emptive Rights will expire at the end of the DI Rights Subscription Period.
  • The Subscription Ratio is to be rounded down to a maximum of three decimal places.
  • The subscription price per New Share to be paid by existing shareholders is €5.55.
  • Any failure to comply with any such restrictions may constitute a violation of the securities laws of such jurisdiction.

ESMA fines S&P €1.11 million for failures related to the premature release of credit ratings to the public

Retrieved on: 
Friday, March 24, 2023
S&P, Board, Cras, Disclosure, Article, European Securities and Markets Authority, ERP, EUR, European System of Financial Supervision, Compliance, Case Law of the Boards of Appeal of the European Patent Office, Risk management, Property management, Bookkeeping, ESMA

ESMA found that S&P published credit ratings before the concerned securities were issued by the rated entities and announced to the market.

Key Points: 
  • ESMA found that S&P published credit ratings before the concerned securities were issued by the rated entities and announced to the market.
  • In particular, ESMA found that between 5 June 2019 and 8 September 2021, S&P released solicited credit ratings regarding six issuers prematurely, i.e.
  • Infringements related to transparency obligations
    ESMA found that, between 2019 and 2021, in six instances, S&P removed, without providing explanations, credit ratings from its public platforms.
  • Consequently, ESMA fined S&P EUR 210,000 for failing to disclose on a non-selective basis and in a timely manner decisions to discontinue credit ratings.

ESMA raises concerns with the proposed changes to the insider list regime

Retrieved on: 
Monday, March 20, 2023
European Securities and Markets Authority, Civil List Act 1979, ESMA, European Parliament, Civil service commission, European Commission, Person, Property management

ESMA raises concerns with the proposed changes to the insider list regime

Key Points: 
  • ESMA raises concerns with the proposed changes to the insider list regime
    The European Securities and Markets Authority (ESMA) the EU’s financial markets regulator and supervisor, has sent a letter to the European Parliament and Council raising concerns with proposed changes to the insider list regime in the Markets Abuse Regulation.
  • The proposed changes, which were put forward by the European Commission in December 2022 as part of the Listings Act proposal, mean that insider lists would only include persons who have regular access to inside information, and not those who may have access to such information on a case by case basis.
  • The letter outlines how the proposed changes may lead to detrimental effects for national supervisors and their ability to enforce against market abuse, as well as for issuers, who use insider lists to manage the flow and access to inside information.

ESMA publishes the results of the annual transparency calculations for equity and equity-like instruments

Retrieved on: 
Thursday, March 2, 2023
ESMA, European Securities and Markets Authority, CDR, RTS, Calendar, Register, XML, Markets in Financial Instruments Directive 2014, Security (finance), Medical device

ESMA publishes the results of the annual transparency calculations for equity and equity-like instruments

Key Points: 
  • ESMA publishes the results of the annual transparency calculations for equity and equity-like instruments
    The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has today published the results of the annual transparency calculations for equity and equity-like instruments, which will apply from 1 April 2023.
  • ESMA’s annual transparency calculations are based on the data provided to Financial Instruments Transparency System (FITRS) by trading venues and approved publication arrangements in relation to the calendar year 2022.
  • Next steps
    The transparency requirements based on the results of the annual transparency calculations published from 1 March 2023 for equity and equity-like instruments will apply from 1 April 2023 until 31 March 2024.
  • From 1 April 2024 the next annual transparency calculations for equity and equity-like instruments, to be published by 1 March 2024, will become applicable.

EQS-News: Logwin AG: Logwin closes very successful fiscal year 2022

Retrieved on: 
Tuesday, February 28, 2023
European Securities and Markets Authority, Financial Market Authority (Liechtenstein), Internet Group Management Protocol, Corporate social responsibility, COVID-19, Annual, KPI-driven code analysis, ESMA, EBITA, Atmosphere of Earth, CSR, Film industry, EUR

Grevenmacher (Luxembourg) – In the fiscal year 2022, the Logwin Group achieved an exceptionally pleasing increase in revenues and earnings in a market environment chraracterized by special situations.

Key Points: 
  • Grevenmacher (Luxembourg) – In the fiscal year 2022, the Logwin Group achieved an exceptionally pleasing increase in revenues and earnings in a market environment chraracterized by special situations.
  • At EUR 2,259.0m, the Logwin Group's total revenues substantially exceeded those of the previous year (2021: EUR 1,851.8m).
  • At EUR 132.9m, the Logwin Group's free cash flow substantially exceeded the previous year's figure of EUR 88.6m.
  • The Logwin Group recorded a cash inflow from operating activities of EUR 169.6m (2021: EUR 125.9m).

ESMA assesses supervision of Central Securities Depositories

Retrieved on: 
Monday, February 20, 2023
Chair, National, Union, National Securities Depository Limited, Freedom, ESMA, Rural sociology, Review, European Securities and Markets Authority, Financial Services and Markets Authority (Belgium), NBB, Exercise, CSSF, Cryptocurrency, Property management, Bank, Overalls

ESMA assesses supervision of Central Securities Depositories

Key Points: 
  • ESMA assesses supervision of Central Securities Depositories
    The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, is today publishing its Peer Review Report on the national supervision of Central Securities Depositories (CSDs) providing cross-border services or participating in interoperable links.
  • The peer review assessed six National Competent Authorities (NCAs) in respect of how they supervise CSDs, which make use of the freedom to provide services in another Member State.
  • Verena Ross, Chair, said:
    “The publication of this peer review marks an important juncture regarding the supervision of CSDs that make use of the freedom to provide services in other Member States.”
    “The report sets out important recommendations for national authorities that aim at reinforcing their supervision of CSDs to ensure efficient securities settlement.
  • Today’s peer review is the first of a series of peer reviews mandated by the Central Securities Depositories Regulation, according to which ESMA should conduct at least every three years a peer review on the supervision of CSDs which make use of the freedom to provide services in another Member State.

6-Hour Virtual Seminar on The EU Clinical Trial Regulation: EU Filings & Registrations

Retrieved on: 
Thursday, January 26, 2023
EEA, Pharmacovigilance, Course, European Parliament, Combination, Clinical trial, European Securities and Markets Authority, European, Marketing, Medical device, EU

DUBLIN, Jan. 26, 2023 /PRNewswire/ -- The "6-Hour Virtual Seminar on The EU Clinical Trial Regulation - EU Filings & Registrations" webinar has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • DUBLIN, Jan. 26, 2023 /PRNewswire/ -- The "6-Hour Virtual Seminar on The EU Clinical Trial Regulation - EU Filings & Registrations" webinar has been added to ResearchAndMarkets.com's offering.
  • The seminar covers the impending changes coming with the EU Parliament's passage of the EU Clinical Trial Regulation, which will affect all trials conducted across the EU [new and ongoing].
  • This course specifically outlines and discusses the structure of the regulatory agencies at the EU level and across the specific Member States.
  • Course content will explain which procedures are available for which products and then will follow the license processing steps for each pathway.

ESMA report finds EU MMF industry at close to €1.5tn

Retrieved on: 
Wednesday, February 8, 2023
National, European Securities and Markets Authority, Royal commission, Single Supervisory Mechanism, Industry, Variable, MMF, WAM, Risk, Ownership, Constant, NAV, Chair, Policy, CNAV Eastore, Disclosure, European Commission, NCAS, VNAV, Time, Property management, Renewable energy, Security (finance), ESMA, EU

ESMA report finds EU MMF industry at close to €1.5tn

Key Points: 
  • ESMA report finds EU MMF industry at close to €1.5tn
    The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, today published its inaugural market report on European Union (EU) Money Market Funds (MMF).
  • With this report ESMA provides for the first time a comprehensive market-level view of EU MMFs, based on supervisory information collected by National Competent Authorities (NCAs) and ESMA.
  • The main findings included in today’s report are:
    - EU MMF sector: The EU MMF sector had €1.44tn of assets in 2021, with 89% of the funds domiciled in France, Luxembourg and Ireland.
  • MMFs authorised in other EU jurisdictions are VNAVs denominated in other EU domestic currencies and account only for a small fraction of assets.

Société du Grand Paris : Final terms issue of 1 000 000 000 € 3,5% Notes due 25/05/2043

Retrieved on: 
Thursday, February 2, 2023
Directive 2014/65/EU, European Economic Area, AMF, EEA, United Kingdom, European Securities and Markets Authority, European Union (Withdrawal) Act 2018, FSMA, SALES, Regulatory News Service, II, IDD, Condition, Guideline, Issuer, EUR, Security (finance), Regulation, Note, EU

Issue of EUR 1,000,000,000 3.500 per cent.

Key Points: 
  • Issue of EUR 1,000,000,000 3.500 per cent.
  • This document constitutes the Final Terms of the Notes described herein for the purposes of the Prospectus Regulation and must be read in conjunction with such Base Prospectus.
  • Full information on the Issuer and the offer of the Notes is only available on the basis of the combination of these Final Terms and the Base Prospectus.
  • The Final Terms and the Base Prospectus will be available on the Issuer's website ( www.societedugrandparis.fr ) and on the AMF's website ( www.amf-france.org ).

ESMA publishes data for the quarterly liquidity assessment of bonds

Retrieved on: 
Thursday, February 2, 2023
Directive 2014/65/EU, European Securities and Markets Authority, XML, ESMA, Register, Medical device, Dietary supplement

ESMA publishes data for the quarterly liquidity assessment of bonds

Key Points: 
  • ESMA publishes data for the quarterly liquidity assessment of bonds
    The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has published its new quarterly liquidity assessment of bonds.
  • Due to a technical error, the data was published earlier than the usual publication date (1 February 2023).
  • ESMA is also publishing two completeness indicators related to bond liquidity data.
  • ESMA’s liquidity assessment for bonds is based on a quarterly assessment of quantitative liquidity criteria, which includes the daily average trading activity (trades and notional amount) and the percentage of days traded per quarter.