Esma

KBRA Assigns Preliminary Ratings to Refinancing Notes of Carlyle Euro CLO 2019-2 DAC

Retrieved on: 
Wednesday, August 4, 2021
Banking, Professional Services, Finance, The Carlyle Group, Esma, Index, KBRA, Clos, DAC, CLO, Par, Central European Football League, Cov-lite, Risk, Class, Credit, Euribor, Acquisition, Financial adviser, Security (finance), Bank

The newly issued refinancing notes are expected to have the same terms of the original notes including notional balances, stated maturity and reinvestment period but are expected to pay a lower interest rate.

Key Points: 
  • The newly issued refinancing notes are expected to have the same terms of the original notes including notional balances, stated maturity and reinvestment period but are expected to pay a lower interest rate.
  • The collateral in Carlyle Euro CLO 2019-2 DAC mainly consists of broadly syndicated leveraged loans issued by corporate obligors diversified across sectors.
  • Following the assignment of the expected ratings on the refinancing notes, the ratings on Class A-2A, D and E are expected to be transferred to KBRA UK.
  • For a full view of the Key Credit Considerations and Key Document Provisions please visit Structured Credit: Carlyle Euro CLO 2019-2 DAC New Issue Report .

New Q&As available

Retrieved on: 
Wednesday, July 21, 2021
Feminine given names, Financial markets, Given names, European Securities and Markets Authority, European Union, Esma, Security, Financial regulation, Netherlands Authority for the Financial Markets, Committee of European Securities Regulators

The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has today updated its Questions and Answers on the following topics:

Key Points: 

The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has today updated its Questions and Answers on the following topics:

ESMA publishes second report on sanctions under AIFMD

Retrieved on: 
Wednesday, July 21, 2021
European Union, Feminine given names, Given names, Corporate law, Directive 2011/61/EU, Investment management, European Securities and Markets Authority, Finance, Esma

20 July 2021

Key Points: 
  • 20 July 2021

    Fund Management

    The European Securities and Markets Authority (ESMA), the EU securities markets regulator, today publishes itssecond annual reporton the use by National Competent Authorities (NCAs) of sanctions under the Alternative Investment Fund Managers Directive (AIFMD).

  • In 2020 17 NCAs imposed a total of 131 penalties and/or measures, compared with 87 sanctions issued in 2019, and the total amount of financial penalties decreased to 3.3M, from 9M in 2019.
  • A small number of NCAs are responsible for a majority of sanctions, and in general the numbers on a national level appear low.
  • NCAs submit data on the use of sanctions to ESMA, which forms the basis of the annual aggregated report.

ESMA see small decrease in EEA prospectus approvals in 2020

Retrieved on: 
Wednesday, July 21, 2021
Feminine given names, Financial Services and Markets Authority, Given names, Financial markets, Initial public offering, Prospectus, Esma, European Securities and Markets Authority, FSMA

The European Securities and Markets Authority (ESMA), the EUs securities markets regulator, today publishes a joint Annual Report on Prospectus Activity and Sanctions for 2020.

Key Points: 
  • The European Securities and Markets Authority (ESMA), the EUs securities markets regulator, today publishes a joint Annual Report on Prospectus Activity and Sanctions for 2020.
  • ESMA found that the number of prospectus approvals across the European Economic Area (EEA) dropped by almost 5% compared to 2019, which appears to indicate that the Covid-19 crisis did not have the anticipated impact on approvals.
  • In addition, only Belgiums Financial Services and Markets Authority (FSMA) and Norways Finanstilsynet imposed prospectus related sanctions in 2020 with the majority imposed by the FSMA.
  • 58 administrative sanctions and other administrative measures were imposed by NCAs for infringements of the Prospectus Regulation, of which 57 were issued by the FSMA, mainly related to offerings of securities without the prior publication of a prospectus
    These reports provide information about trends in the prospectus area, which are available here .

New Q&As available

Retrieved on: 
Tuesday, July 20, 2021
Feminine given names, Financial markets, Given names, European Securities and Markets Authority, European Union, Esma, Security, Financial regulation, Netherlands Authority for the Financial Markets, Committee of European Securities Regulators

The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has today updated its Questions and Answers on the following topics:

Key Points: 

The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has today updated its Questions and Answers on the following topics:

ESMA publishes second report on sanctions under AIFMD

Retrieved on: 
Tuesday, July 20, 2021
European Union, Feminine given names, Given names, Corporate law, Directive 2011/61/EU, Investment management, European Securities and Markets Authority, Finance, Esma

20 July 2021

Key Points: 
  • 20 July 2021

    Fund Management

    The European Securities and Markets Authority (ESMA), the EU securities markets regulator, today publishes itssecond annual reporton the use by National Competent Authorities (NCAs) of sanctions under the Alternative Investment Fund Managers Directive (AIFMD).

  • In 2020 17 NCAs imposed a total of 131 penalties and/or measures, compared with 87 sanctions issued in 2019, and the total amount of financial penalties decreased to 3.3M, from 9M in 2019.
  • A small number of NCAs are responsible for a majority of sanctions, and in general the numbers on a national level appear low.
  • NCAs submit data on the use of sanctions to ESMA, which forms the basis of the annual aggregated report.

ESMA consults on remuneration requirements under MiFID II

Retrieved on: 
Tuesday, July 20, 2021
Money, Finance, Economy, Financial regulation, Systemic risk, European Union directives, European Union, Directive 2014/65/EU, European Securities and Markets Authority, Esma, Investor

19 July 2021

Key Points: 
  • 19 July 2021

    MiFID - Investor Protection

    The European Securities and Markets Authority (ESMA), the EUs securities markets regulator, today launches a consultation on draft ESMA guidelines on certain aspects of the MiFID II remuneration requirements.

  • The remuneration of staff involved in the provision of investment and ancillary services and activities, or in selling or advising on structured deposits to clients is a crucial investor protection issue.
  • Therefore, ESMA has developed draft guidelines that aim to clarify and foster convergence in the implementation of certain aspects of the new MiFID II remuneration requirements, replacing the existing ESMA guidelines on the same topic, issued in 2013.
  • This Consultation Paper builds on the text of the 2013 guidelines, which have been substantially confirmed, while those parts now incorporated into the MiFID II framework have been removed.

ESMA consults on remuneration requirements under MiFID II

Retrieved on: 
Monday, July 19, 2021
Money, Finance, Economy, Financial regulation, Systemic risk, European Union directives, European Union, Directive 2014/65/EU, European Securities and Markets Authority, Esma, Investor

19 July 2021

Key Points: 
  • 19 July 2021

    MiFID - Investor Protection

    The European Securities and Markets Authority (ESMA), the EUs securities markets regulator, today launches a consultation on draft ESMA guidelines on certain aspects of the MiFID II remuneration requirements.

  • The remuneration of staff involved in the provision of investment and ancillary services and activities, or in selling or advising on structured deposits to clients is a crucial investor protection issue.
  • Therefore, ESMA has developed draft guidelines that aim to clarify and foster convergence in the implementation of certain aspects of the new MiFID II remuneration requirements, replacing the existing ESMA guidelines on the same topic, issued in 2013.
  • This Consultation Paper builds on the text of the 2013 guidelines, which have been substantially confirmed, while those parts now incorporated into the MiFID II framework have been removed.

Western Digital to Announce Fourth Quarter and Fiscal Year 2021 Financial Results on August 4, 2021

Retrieved on: 
Tuesday, July 13, 2021
Semiconductor, Data management, Consumer electronics, Technology, Other Technology, Hardware, Financial markets, Feminine given names, American brands, Finance, Financial regulation, Corporate law, European Market Infrastructure Regulation, Systemic risk, European Union, NASDAQ, European Securities and Markets Authority, Esma

Western Digital Corp. (NASDAQ: WDC) plans to announce its fourth quarter and fiscal year 2021 financial results after the market closes on Wednesday, August 4, 2021.

Key Points: 
  • Western Digital Corp. (NASDAQ: WDC) plans to announce its fourth quarter and fiscal year 2021 financial results after the market closes on Wednesday, August 4, 2021.
  • The investment community conference call to discuss these results will be held that day at 1:30 p.m. Pacific / 4:30 p.m. Eastern.
  • The live audio webcast and a webcast replay of the conference call will be available at investor.wdc.com .
  • Our data-centric solutions are comprised of the Western Digital, G-Technology, SanDisk, and WD brands.

ESMA publishes first overview of national rules governing fund marketing

Retrieved on: 
Friday, July 2, 2021
Money, European Union directives, Finance, European Union, Corporate law, Investment, Undertakings for Collective Investment in Transferable Securities Directive, Directive 2011/61/EU, European Securities and Markets Authority, Transposition, Esma, Investment fund

The European Securities and Markets Authority (ESMA), the EU securities markets regulator, has submitted to the European Parliament, the Council and the European Commission its first report on national rules governing the marketing of investment funds under the Regulation on cross-border distribution of funds.

Key Points: 
  • The European Securities and Markets Authority (ESMA), the EU securities markets regulator, has submitted to the European Parliament, the Council and the European Commission its first report on national rules governing the marketing of investment funds under the Regulation on cross-border distribution of funds.
  • In this report, ESMA provides an overview of the marketing requirements across Member States, and analyses the effects of national laws, regulations and administrative provisions governing the marketing of investment funds.
  • The report is based on responses provided by National Competent Authorities (NCAs) to two questionnaires prepared by ESMA.
  • National laws, regulations and administrative provisions governing marketing requirements are usually based on the transposition of the AIFMD and the UCITS Directive, although NCAs responses showed that some additional national requirements may be applicable.