Esma

Publication of transparency calculations update after the end of the Brexit transition period

Retrieved on: 
Saturday, January 9, 2021

08 January 2021

Key Points: 
  • 08 January 2021

    MiFID II: Transparency Calculations and DVC

    The European Securities and Markets Authority (ESMA), the EUs securities markets regulator, has published today its first Financial Instruments Transparency System (FITRS) file following the end of the Brexit transition period.

  • In particular, the equity transparency calculation results delta file (DLTECR) published by ESMA contains updated transparency calculation results for equity instruments which previously had a UK venue as the most relevant market.
  • ESMA would like to remind users to process this file in accordance with their systems implementation to capture all these updates.
  • ESMA will resume processing of FITRS files received during the maintenance window in the coming days between 9 and 11 January 2021 and will resume processing of DVCAP files received during the maintenance window on 11 January 2021, as per Brexit data operational plan published on ESMA's website.

Publication of transparency calculations update after the end of the Brexit transition period

Retrieved on: 
Saturday, January 9, 2021

08 January 2021

Key Points: 
  • 08 January 2021

    MiFID II: Transparency Calculations and DVC

    The European Securities and Markets Authority (ESMA), the EUs securities markets regulator, has published today its first Financial Instruments Transparency System (FITRS) file following the end of the Brexit transition period.

  • In particular, the equity transparency calculation results delta file (DLTECR) published by ESMA contains updated transparency calculation results for equity instruments which previously had a UK venue as the most relevant market.
  • ESMA would like to remind users to process this file in accordance with their systems implementation to capture all these updates.
  • ESMA will resume processing of FITRS files received during the maintenance window in the coming days between 9 and 11 January 2021 and will resume processing of DVCAP files received during the maintenance window on 11 January 2021, as per Brexit data operational plan published on ESMA's website.

ESMA promotes transparency for TLTRO III transactions

Retrieved on: 
Wednesday, January 6, 2021

06 January 2021

Key Points: 
  • 06 January 2021

    Corporate Finance

    The European Securities and Markets Authority (ESMA), the EUs securities markets regulator, issues today a public statement promoting transparency in the IFRS financial statements of banks regarding accounting for the third series of the European Central Banks (ECB) Targeted Longer-Term Refinancing Operations (TLTRO III).

  • ESMA observes that, in practice, there is diversity regarding the accounting treatment of the ECBs TLTRO III refinancing transactions by banks.
  • ESMA believes that, given the overall volume of the TLTRO III operations, this matter may have a material effect on the financial statements of banks and may be widespread across the EU.
  • Therefore, ESMA emphasises the importance of providing an adequate level of transparency regarding the accounting treatment of these transactions in the financial statements of banks.

ESMA promotes transparency for TLTRO III transactions

Retrieved on: 
Wednesday, January 6, 2021

06 January 2021

Key Points: 
  • 06 January 2021

    Corporate Finance

    The European Securities and Markets Authority (ESMA), the EUs securities markets regulator, issues today a public statement promoting transparency in the IFRS financial statements of banks regarding accounting for the third series of the European Central Banks (ECB) Targeted Longer-Term Refinancing Operations (TLTRO III).

  • ESMA observes that, in practice, there is diversity regarding the accounting treatment of the ECBs TLTRO III refinancing transactions by banks.
  • ESMA believes that, given the overall volume of the TLTRO III operations, this matter may have a material effect on the financial statements of banks and may be widespread across the EU.
  • Therefore, ESMA emphasises the importance of providing an adequate level of transparency regarding the accounting treatment of these transactions in the financial statements of banks.

Publication of financial instruments reference data after the end of the Brexit transition period

Retrieved on: 
Wednesday, January 6, 2021

The European Securities and Markets Authority (ESMA) has published today its first set of Financial Instruments Reference Data System (FIRDS) files following the end of the Brexit transition period.

Key Points: 
  • The European Securities and Markets Authority (ESMA) has published today its first set of Financial Instruments Reference Data System (FIRDS) files following the end of the Brexit transition period.
  • The FIRDS full files (FULINS) published by ESMA contain information on all financial instruments which are active on EU trading venues, along with their latest descriptions and RCA information.
  • ESMA would like to remind users to process these files in accordance with their systems implementation to capture all the above-mentioned changes.
  • ESMA will subsequently resume processing of FIRDS files received during the maintenance window, as per Brexit data operational plan published on ESMA website .

Publication of financial instruments reference data after the end of the Brexit transition period

Retrieved on: 
Wednesday, January 6, 2021

The European Securities and Markets Authority (ESMA) has published today its first set of Financial Instruments Reference Data System (FIRDS) files following the end of the Brexit transition period.

Key Points: 
  • The European Securities and Markets Authority (ESMA) has published today its first set of Financial Instruments Reference Data System (FIRDS) files following the end of the Brexit transition period.
  • The FIRDS full files (FULINS) published by ESMA contain information on all financial instruments which are active on EU trading venues, along with their latest descriptions and RCA information.
  • ESMA would like to remind users to process these files in accordance with their systems implementation to capture all the above-mentioned changes.
  • ESMA will subsequently resume processing of FIRDS files received during the maintenance window, as per Brexit data operational plan published on ESMA website .

ESMA CONSULTS ON FINES AND PENALTIES FOR DATA REPORTING SERVICES PROVIDERS

Retrieved on: 
Thursday, December 24, 2020

23 December 2020

Key Points: 
  • 23 December 2020

    Post Trading

    The European Securities and Markets Authority (ESMA), the EUs securities markets regulator, today launches a consultation on specific aspects of the procedural rules for imposing fines and penalties on Data Reporting Services Providers (DRSPs) under ESMAs direct supervision.

  • The amended Markets in Financial Instruments Regulation (MiFIR) contains detailed rules regarding penalties for DRSPs.
  • These proposals leverage on the existing enforcement framework regarding Trade Repositories and Credit Rating Agencies as well as on the experience gained in its implementation in the last years.
  • ESMA will consider the responses to this consultation in providing technical advice to the Commission by end of Q1 2021.

ESMA CONSULTS ON FINES AND PENALTIES FOR BENCHMARK ADMINISTRATORS

Retrieved on: 
Thursday, December 24, 2020

23 December 2020

Key Points: 
  • 23 December 2020

    Benchmarks

    The European Securities and Markets Authority (ESMA), the EUs securities markets regulator, today launches a consultation on specific aspects of the procedural rules for imposing fines and penalties on Benchmark Administrators under ESMAs direct supervision.

  • The amended Benchmarks Regulation contains detailed rules regarding penalties for Benchmark Administrators.
  • Next steps

    The closing date for responses is 23 January 2021.

  • ESMA will consider the responses to this consultation in providing technical advice to the Commission by end of Q1 2021.

ESMA CONSULTS ON FINES AND PENALTIES FOR BENCHMARK ADMINISTRATORS

Retrieved on: 
Thursday, December 24, 2020

23 December 2020

Key Points: 
  • 23 December 2020

    Benchmarks

    The European Securities and Markets Authority (ESMA), the EUs securities markets regulator, today launches a consultation on specific aspects of the procedural rules for imposing fines and penalties on Benchmark Administrators under ESMAs direct supervision.

  • The amended Benchmarks Regulation contains detailed rules regarding penalties for Benchmark Administrators.
  • Next steps

    The closing date for responses is 23 January 2021.

  • ESMA will consider the responses to this consultation in providing technical advice to the Commission by end of Q1 2021.

ESMA CONSULTS ON FINES AND PENALTIES FOR DATA REPORTING SERVICES PROVIDERS

Retrieved on: 
Wednesday, December 23, 2020

23 December 2020

Key Points: 
  • 23 December 2020

    Post Trading

    The European Securities and Markets Authority (ESMA), the EUs securities markets regulator, today launches a consultation on specific aspects of the procedural rules for imposing fines and penalties on Data Reporting Services Providers (DRSPs) under ESMAs direct supervision.

  • The amended Markets in Financial Instruments Regulation (MiFIR) contains detailed rules regarding penalties for DRSPs.
  • These proposals leverage on the existing enforcement framework regarding Trade Repositories and Credit Rating Agencies as well as on the experience gained in its implementation in the last years.
  • ESMA will consider the responses to this consultation in providing technical advice to the Commission by end of Q1 2021.