Esma

ESMA launches call for evidence on digital finance

Retrieved on: 
Tuesday, May 25, 2021

25 May 2021

Key Points: 
  • 25 May 2021

    Innovation and Products

    The European Securities and Markets Authority (ESMA), the EUs securities markets regulator, today publishes a call for evidence on digital finance.

  • ESMA is requesting information on three topics:

    Next steps

    The call for evidence is open until 1 August and seeks feedback from all interested stakeholders.

  • ESMA will consider the information received through this call for evidence when drafting its advice to the EC.
  • ESMA, together with the other European Supervisory Authorities, will deliver a report to the EC by 31 January 2022.

ESMA CLOSED FOR PUBLIC HOLIDAY ON MONDAY 24 MAY

Retrieved on: 
Saturday, May 22, 2021

b'The European Securities and Markets Authority (ESMA) will be closed on Monday 24 May.\nWe will reopen on Tuesday 25 May.\n'

Key Points: 

b'The European Securities and Markets Authority (ESMA) will be closed on Monday 24 May.\nWe will reopen on Tuesday 25 May.\n'

ESMA CLOSED FOR PUBLIC HOLIDAY ON MONDAY 24 MAY

Retrieved on: 
Saturday, May 22, 2021

b'The European Securities and Markets Authority (ESMA) will be closed on Monday 24 May.\nWe will reopen on Tuesday 25 May.\n'

Key Points: 

b'The European Securities and Markets Authority (ESMA) will be closed on Monday 24 May.\nWe will reopen on Tuesday 25 May.\n'

ESMA proposes lowering the reporting threshold for net short positions to 0.1% on a permanent basis

Retrieved on: 
Thursday, May 20, 2021

ESMA has examined the evidence gathered after its successive emergency decisions, beginning in March 2020, which lowered, for the first time, the notification threshold to 0.1% on a temporary basis.

Key Points: 
  • ESMA has examined the evidence gathered after its successive emergency decisions, beginning in March 2020, which lowered, for the first time, the notification threshold to 0.1% on a temporary basis.
  • The analysis showed that a substantial amount of additional and essential information became available to NCAs due to the reporting of net short positions at the level of 0.1%.
  • ESMA therefore considers it essential to lower the reporting threshold to 0.1% on a permanent basis.
  • Next steps

    The EC may adopt a delegated act modifying the notification threshold in Article 5(2) of the Short Selling Regulation.

ESMA proposes lowering the reporting threshold for net short positions to 0.1% on a permanent basis

Retrieved on: 
Thursday, May 20, 2021

ESMA has examined the evidence gathered after its successive emergency decisions, beginning in March 2020, which lowered, for the first time, the notification threshold to 0.1% on a temporary basis.

Key Points: 
  • ESMA has examined the evidence gathered after its successive emergency decisions, beginning in March 2020, which lowered, for the first time, the notification threshold to 0.1% on a temporary basis.
  • The analysis showed that a substantial amount of additional and essential information became available to NCAs due to the reporting of net short positions at the level of 0.1%.
  • ESMA therefore considers it essential to lower the reporting threshold to 0.1% on a permanent basis.
  • Next steps

    The EC may adopt a delegated act modifying the notification threshold in Article 5(2) of the Short Selling Regulation.

Consultation Paper on the RTS 2 Annual Review

Retrieved on: 
Wednesday, May 12, 2021

b'The European Securities and Markets Authority (ESMA) invites responses to the specific questions listed in the Consultation Paper on the transparency regime for non-equity instruments and the trading obligations for derivatives MiFID II/ MiFIR review report published on the ESMA website.\nESMA invites comments on all matters in this paper and in particular on the specific questions summarised in Annex 1.

Key Points: 
  • b'The European Securities and Markets Authority (ESMA) invites responses to the specific questions listed in the Consultation Paper on the transparency regime for non-equity instruments and the trading obligations for derivatives MiFID II/ MiFIR review report published on the ESMA website.\nESMA invites comments on all matters in this paper and in particular on the specific questions summarised in Annex 1.
  • Comments are most helpful if they:\nrespond to the question stated;\nindicate the specific question to which the comment relates;\ndescribe any alternatives ESMA should consider.\nESMA will consider all comments received by 11 June 2021.\nESMA expects to publish a final report and submit, if necessary, regulatory technical standards to the European Commission for endorsement in July 2021.
  • Following such endorsement, the RTS are then subject to a non-objection procedure by the European Parliament and the Council.\n'

Consultation Paper on the RTS 2 Annual Review

Retrieved on: 
Wednesday, May 12, 2021

b'The European Securities and Markets Authority (ESMA) invites responses to the specific questions listed in the Consultation Paper on the transparency regime for non-equity instruments and the trading obligations for derivatives MiFID II/ MiFIR review report published on the ESMA website.\nESMA invites comments on all matters in this paper and in particular on the specific questions summarised in Annex 1.

Key Points: 
  • b'The European Securities and Markets Authority (ESMA) invites responses to the specific questions listed in the Consultation Paper on the transparency regime for non-equity instruments and the trading obligations for derivatives MiFID II/ MiFIR review report published on the ESMA website.\nESMA invites comments on all matters in this paper and in particular on the specific questions summarised in Annex 1.
  • Comments are most helpful if they:\nrespond to the question stated;\nindicate the specific question to which the comment relates;\ndescribe any alternatives ESMA should consider.\nESMA will consider all comments received by 11 June 2021.\nESMA expects to publish a final report and submit, if necessary, regulatory technical standards to the European Commission for endorsement in July 2021.
  • Following such endorsement, the RTS are then subject to a non-objection procedure by the European Parliament and the Council.\n'

MEREDITH INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Meredith Corporation - MDP

Retrieved on: 
Friday, May 7, 2021

b'Former Attorney General of Louisiana Charles C. Foti, Jr., Esq.

Key Points: 
  • b'Former Attorney General of Louisiana Charles C. Foti, Jr., Esq.
  • and the law firm of Kahn Swick & Foti, LLC (\xe2\x80\x9cKSF\xe2\x80\x9d) are investigating the proposed sale of Meredith Corporation\xe2\x80\x99s Local Media Group (NYSE: MDP) to Gray Television, Inc. (NYSE: GTN).
  • Under the terms of the proposed transaction, shareholders of Meredith will receive $14.50 in cash for each share of Meredith that they own.
  • KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.\nIf you believe that this transaction undervalues the Company and/or if you would like to discuss your legal rights regarding the proposed sale, you may, without obligation or cost to you, e-mail or call KSF Managing Partner Lewis S. Kahn ( [email protected] ) toll free at any time at 855-768-1857, or visit https://www.ksfcounsel.com/cases/nyse-mdp/ to learn more.\nTo learn more about KSF, whose partners include the Former Louisiana Attorney General, visit www.ksfcounsel.com .\nView source version on businesswire.com: https://www.businesswire.com/news/home/20210507005627/en/\n'

ACRA EUROPE’S CRA REGISTRATION WITHDRAWN

Retrieved on: 
Saturday, May 8, 2021

07 May 2021

Key Points: 
  • 07 May 2021

    Credit Rating Agencies

    The European Securities and Markets Authority (ESMA), the EUs securities markets regulator, has today withdrawn the credit rating agency (CRA) registration of ACRA Europe, a.s. (ACRAE).

  • The withdrawal decision follows the official notification sent to ESMA by ACRA Europe, a.s. on 1 April 2021 of its intention to renounce its registration as a CRA under the conditions set out in Article 20(1)(a) of the CRA Regulation (CRAR).
  • ESMA confirms that ACRA Europe, a.s. has effectively stopped its rating activities.
  • Point (a) of Article 20(1) of the CRA Regulation provides that without prejudice to Article 24, ESMA shall withdraw the registration of a credit rating agency where the credit rating agency "expressly renounces the registration or has provided no credit ratings for the preceding six months".

ACRA EUROPE’S CRA REGISTRATION WITHDRAWN

Retrieved on: 
Saturday, May 8, 2021

07 May 2021

Key Points: 
  • 07 May 2021

    Credit Rating Agencies

    The European Securities and Markets Authority (ESMA), the EUs securities markets regulator, has today withdrawn the credit rating agency (CRA) registration of ACRA Europe, a.s. (ACRAE).

  • The withdrawal decision follows the official notification sent to ESMA by ACRA Europe, a.s. on 1 April 2021 of its intention to renounce its registration as a CRA under the conditions set out in Article 20(1)(a) of the CRA Regulation (CRAR).
  • ESMA confirms that ACRA Europe, a.s. has effectively stopped its rating activities.
  • Point (a) of Article 20(1) of the CRA Regulation provides that without prejudice to Article 24, ESMA shall withdraw the registration of a credit rating agency where the credit rating agency "expressly renounces the registration or has provided no credit ratings for the preceding six months".