Esma

ESMA consults on Fees for Benchmarks Administrators

Retrieved on: 
Saturday, September 26, 2020

25 September 2020

Key Points: 
  • 25 September 2020

    Benchmarks

    The European Securities and Markets Authority (ESMA), the EUs securities markets regulator, has launched today a consultation on fees for benchmarks administrators under the BMR.

  • The aim of the Consultation Paper is to advise the European Commission (EC) on fees to be paid by the benchmark administrators that will be supervised by ESMA starting in January 2022.
  • The Consultation Paper contains ESMAs first proposal for BMR fees to be paid by third country administrators under the recognition regime and by administrators of a critical benchmark.
  • ESMA will consider the responses to this consultation with a view to providing Technical Advice to the EC and aims to publish its final report in January 2021.

ESMA publishes outcomes of MAR Review

Retrieved on: 
Friday, September 25, 2020

24 September 2020

Key Points: 
  • 24 September 2020

    Market Abuse

    Market Integrity

    The European Securities and Markets Authority (ESMA), the EUs securities markets regulator, has today published a review of the Market Abuse Regulation (MAR).

  • The Report is the first in-depth review of the functioning of MAR since its implementation in 2016, and its recommendations will feed into the European Commissions (EC) review of MAR.
  • The Report, which follows a 2019 consultation concludes that, overall, MAR has worked well in practice and is fit for purpose.
  • Guidance

    The areas for which ESMA suggests providing additional guidance include:

    Finally, the Report also addresses:

    Next steps

    The Report is submitted to the European Commission and is expected to feed into their review of MAR.

ESMA publishes outcomes of MAR Review

Retrieved on: 
Thursday, September 24, 2020

24 September 2020

Key Points: 
  • 24 September 2020

    Market Abuse

    Market Integrity

    The European Securities and Markets Authority (ESMA), the EUs securities markets regulator, has today published a review of the Market Abuse Regulation (MAR).

  • The Report is the first in-depth review of the functioning of MAR since its implementation in 2016, and its recommendations will feed into the European Commissions (EC) review of MAR.
  • The Report, which follows a 2019 consultation concludes that, overall, MAR has worked well in practice and is fit for purpose.
  • Guidance

    The areas for which ESMA suggests providing additional guidance include:

    Finally, the Report also addresses:

    Next steps

    The Report is submitted to the European Commission and is expected to feed into their review of MAR.

ESMA AGREES POSITION LIMITS UNDER MIFID II

Retrieved on: 
Thursday, September 24, 2020

The European Securities and Markets Authority (ESMA), the EUs securities markets regulator, has today published three opinions on position limits regarding commodity derivatives under the Markets in Financial Instruments Directive and Regulation (MiFID II/MIFIR).

Key Points: 
  • The European Securities and Markets Authority (ESMA), the EUs securities markets regulator, has today published three opinions on position limits regarding commodity derivatives under the Markets in Financial Instruments Directive and Regulation (MiFID II/MIFIR).
  • ESMAs opinions agree with the proposed position limits regarding:
    ESMA found that the proposed position limits are consistent with the objectives established in MiFID II and with the methodology developed for setting those limits.
  • ESMA will continue to assess the notifications received and issue opinions in order to ensure that the position limits are set in accordance with the MiFID II framework.

ESMA appoints Chair and independent members of the CCP Supervisory Committee

Retrieved on: 
Thursday, September 24, 2020

23 September 2020

Key Points: 
  • 23 September 2020

    Board of Supervisors

    CCP Directorate

    Press Releases

    The European Securities and Markets Authority (ESMA), the EUs securities markets regulator, has formally appointed Klaus Lber as Chair of the CCP Supervisory Committee and Nicoletta Giusto and Froukelien Wendt as Independent Members.

  • Steven Maijoor, Chair, said:

    The appointment of Klaus Lber as Chair and Nicoletta Giusto and Froukelien Wendt as Independent Members marks the conclusion of a successful selection procedure.

  • The Chair and Independent Members will serve a five-year mandate which can be extended once.
  • The arrival of the Chair and Independent Members completes the set-up of the CCP Supervisory Committee and, together with the finalisation of the delegated acts by the European Commission, concludes the preparatory steps for the implementation of EMIR 2.2.

ESMA reappoints the chairs of its Data and Investment Management Standing Committees

Retrieved on: 
Thursday, September 24, 2020

The Board of Supervisors of the European Securities and Markets Authority (ESMA) has made the following reappointments as standing committee chairs:

Key Points: 
  • The Board of Supervisors of the European Securities and Markets Authority (ESMA) has made the following reappointments as standing committee chairs:
    Christopher Buttigieg, Director of the Securities and Markets Supervision Unit at the Malta Financial Services Authority (MFSA), as chair of the Data Standing Committee; and
    Gabriela Figueiredo Dias, Chair of the Comisso do Mercado de Valores Mobilirios (CMVM) of Portugal, as chair of the Investment Management Standing Committee.
  • The appointments are effective from 1 October 2020 and will run until 31 July 2021 in the case of Ms Figueredo Dias, when her term at the CMVM ends, and until 31 October 2022 for Mr Buttigeig.
  • The standing committees are expert groups drawn from ESMA staff and the national competent authorities for securities markets regulation in the Member States, and are responsible for the development of policy in their respective areas.

ESMA appoints Chair and independent members of the CCP Supervisory Committee

Retrieved on: 
Thursday, September 24, 2020

23 September 2020

Key Points: 
  • 23 September 2020

    Board of Supervisors

    CCP Directorate

    Press Releases

    The European Securities and Markets Authority (ESMA), the EUs securities markets regulator, has formally appointed Klaus Lber as Chair of the CCP Supervisory Committee and Nicoletta Giusto and Froukelien Wendt as Independent Members.

  • Steven Maijoor, Chair, said:

    The appointment of Klaus Lber as Chair and Nicoletta Giusto and Froukelien Wendt as Independent Members marks the conclusion of a successful selection procedure.

  • The Chair and Independent Members will serve a five-year mandate which can be extended once.
  • The arrival of the Chair and Independent Members completes the set-up of the CCP Supervisory Committee and, together with the finalisation of the delegated acts by the European Commission, concludes the preparatory steps for the implementation of EMIR 2.2.

ESMA reappoints the chairs of its Data and Investment Management Standing Committees

Retrieved on: 
Thursday, September 24, 2020

The Board of Supervisors of the European Securities and Markets Authority (ESMA) has made the following reappointments as standing committee chairs:

Key Points: 
  • The Board of Supervisors of the European Securities and Markets Authority (ESMA) has made the following reappointments as standing committee chairs:
    Christopher Buttigieg, Director of the Securities and Markets Supervision Unit at the Malta Financial Services Authority (MFSA), as chair of the Data Standing Committee; and
    Gabriela Figueiredo Dias, Chair of the Comisso do Mercado de Valores Mobilirios (CMVM) of Portugal, as chair of the Investment Management Standing Committee.
  • The appointments are effective from 1 October 2020 and will run until 31 July 2021 in the case of Ms Figueredo Dias, when her term at the CMVM ends, and until 31 October 2022 for Mr Buttigeig.
  • The standing committees are expert groups drawn from ESMA staff and the national competent authorities for securities markets regulation in the Member States, and are responsible for the development of policy in their respective areas.

ESMA AGREES POSITION LIMITS UNDER MIFID II

Retrieved on: 
Thursday, September 24, 2020

The European Securities and Markets Authority (ESMA), the EUs securities markets regulator, has today published three opinions on position limits regarding commodity derivatives under the Markets in Financial Instruments Directive and Regulation (MiFID II/MIFIR).

Key Points: 
  • The European Securities and Markets Authority (ESMA), the EUs securities markets regulator, has today published three opinions on position limits regarding commodity derivatives under the Markets in Financial Instruments Directive and Regulation (MiFID II/MIFIR).
  • ESMAs opinions agree with the proposed position limits regarding:
    ESMA found that the proposed position limits are consistent with the objectives established in MiFID II and with the methodology developed for setting those limits.
  • ESMA will continue to assess the notifications received and issue opinions in order to ensure that the position limits are set in accordance with the MiFID II framework.

European Datawarehouse Submits Application to ESMA to be Registered as a Securitisation Repository

Retrieved on: 
Wednesday, September 23, 2020

In January 2018, European DataWarehouse announced its intention to become a Securitisation Repository under ESMA .

Key Points: 
  • In January 2018, European DataWarehouse announced its intention to become a Securitisation Repository under ESMA .
  • Prof. Jos Manuel Gonzlez-Pramo, Chairman of European DataWarehouse stated: "EDW was founded in 2012 to foster transparency in the European securitisation market and restore confidence of investors.
  • Building on its proven track record as the securitisation repository of the Eurosystem I am confident that EDW will submit a successful application and be registered as the first securitisation repository by ESMA".
  • According to ESMA , those entities who wish to be registered as a securitisation repository cansubmit their applicationsfrom23 September 2020.