EU

Jasper Therapeutics Reports Third Quarter 2023 Financial Results and Provides Business Update

Retrieved on: 
Thursday, November 9, 2023

We also continued to strengthen our board of directors and senior leadership team with multiple key additions during the period.

Key Points: 
  • We also continued to strengthen our board of directors and senior leadership team with multiple key additions during the period.
  • Jasper expects to enroll the first patient by the end of 2023 and to report interim data on multiple cohorts by mid-2024.
  • Jasper continued to strengthen the organization with the appointment of Thomas Wiggans as Chairperson of the Board of Directors and Herb Cross as Chief Financial Officer.
  • Jasper reported a net loss of $17.5 million, or basic and diluted net loss per share attributable to common stockholders of $0.16, for the three months ended September 30, 2023.

Comtech Receives $20.0 Million Order from Spectra Group to Service Multiple NATO and European Regional Orders for Next Generation Troposcatter Systems

Retrieved on: 
Thursday, November 9, 2023

The order will allow Spectra Group, the appointed regional distributor of Comtech’s Compact Over-the-Horizon Transportable Terminal (COMET), to service multiple orders already received, and several expected follow-on orders from undisclosed customers in the NATO and European regions.

Key Points: 
  • The order will allow Spectra Group, the appointed regional distributor of Comtech’s Compact Over-the-Horizon Transportable Terminal (COMET), to service multiple orders already received, and several expected follow-on orders from undisclosed customers in the NATO and European regions.
  • “Through this order from Spectra Group, Comtech is helping expand network agnostic, secure, and interoperable BLOS communications capabilities for our NATO and EU regional partners,” said Ken Peterman, President and CEO, Comtech.
  • In September 2023, Spectra Group announced the receipt of a $8.0 million order from UK MoD to equip 3 (UK) Division with Comtech’s COMET systems.
  • Spectra Group is now close to receiving additional orders for large quantities of Comtech’s COMET systems from other key NATO and European regional customers.

ESA’s Joint Board of Appeal suspends the decision by the European Securities and Markets Authority to withdraw the recognition decision of Dubai Commodities Clearing Corporation as a Tier 1 third-country central counterparties 

Retrieved on: 
Thursday, November 9, 2023

25 October 2023

Key Points: 
  • 25 October 2023
    The Joint Board of Appeal (“the Board”) of the European Supervisory Authorities (“ESAs”) decided that the application for suspension brought by Dubai Commodities Clearing Corporation (“DCCC”) against the European Securities and Markets Authority (“ESMA”) is admissible and suspends the ESMA Decision.
  • DCCC challenged ESMA’s Decision, asking the Board to extend the adaptation period and to suspend the withdrawal Decision until the outcome of the appeal is concluded.
  • The Board finds that the appeal case is admissible and suspends the ESMA Decision.
  • Franca Rosa Congiu
    [email protected] | +33 1 86 52 7052 | Follow @EBA_News

European Supervisory Authorities publish joint criteria on the independence of supervisory authorities

Retrieved on: 
Thursday, November 9, 2023

25 October 2023

Key Points: 
  • 25 October 2023
    The three European Supervisory Authorities– the European Banking Authority (EBA), European Insurance and Occupational Pensions Authority (EIOPA) and European Securities and Markets Authority (ESMA) (EBA, EIOPA and ESMA – the ESAs) – today published their joint criteria on the independence of supervisory authorities.
  • Supervisory independence is key to ensure that fair, effective and transparent decisions are taken by appropriately resourced supervisory authorities.
  • Building on these reports and based on the 2021 EIOPA’s criteria and international standards, the ESAs further worked together to issue joint criteria on the independence of supervisory authorities.
  • The criteria can be used by supervisory authorities as a tool to enhance their independence and, at a later stage, by the ESAs to assess supervisory independence in the EU.

The EBA consults on draft technical standards on own funds requirements and stress testing of issuers under MiCAR

Retrieved on: 
Thursday, November 9, 2023

08 November 2023

Key Points: 
  • 08 November 2023
    The European Banking Authority (EBA) today a launched two consultations on draft Regulatory Technical Standards (RTS) on own funds requirements and stress testing of issuers under the Markets in Crypto-Assets Regulation (MiCAR) which form part of the prudential package of MiCAR products.
  • The first RTS specify the adjustment of own funds requirements and stress testing of issuers of asset-referenced tokens and e-money tokens.
  • The second RTS specify the procedure and timeframe to adjust its own funds requirements for issuers of significant asset-referenced tokens or of e-money tokens.
  • These consultations, together with other consultations papers published today, form part of the third batch of MiCAR policy products.

The EBA consults on draft Guidelines on recovery plans for issuers of asset-referenced tokens and e-money tokens under MiCAR

Retrieved on: 
Thursday, November 9, 2023

08 November 2023

Key Points: 
  • 08 November 2023
    The European Banking Authority (EBA) today launched a consultation on draft Guidelines on recovery plans to be drafted by issuers of asset-referenced tokens (ARTs) and e-money tokens (EMTs).
  • These draft Guidelines set out the requirements with respect to the format of the recovery plans and the information to be included therein.
  • This consultation together with other consultations papers published today form part of the third batch of MiCAR policy products.
  • Supervision tasks are conferred on the EBA for ARTs and EMTs that are determined by the EBA to be significant.

The EBA consults on the reporting of transactions with asset-referenced tokens and e-money tokens denominated in a non-EU currency under MiCAR

Retrieved on: 
Thursday, November 9, 2023

In addition, the EBA also consulted on draft Implementing Technical Standards (ITS) specifying the related reporting requirements under MiCAR.

Key Points: 
  • In addition, the EBA also consulted on draft Implementing Technical Standards (ITS) specifying the related reporting requirements under MiCAR.
  • These consultations together with other consultations papers published today form part of the third batch of MiCAR policy products.
  • The draft ITS, in turn, provide specific templates and related instructions for the issuers of ARTs and of EMTs denominated in a non-EU currency to comply with their reporting obligations.
  • In accordance with Article 58(3) of MiCAR, these RTS and ITS shall also apply mutatis mutandis to EMTs denominated in a non-EU currency.

The EBA consults on draft technical standards on supervisory colleges under MiCAR

Retrieved on: 
Thursday, November 9, 2023

The draft RTS also specify the general conditions for the functioning of supervisory colleges under MiCAR.

Key Points: 
  • The draft RTS also specify the general conditions for the functioning of supervisory colleges under MiCAR.
  • This consultation together with other consultations papers published today form part of the third batch of MiCAR policy products.
  • Article 119(1) of MiCAR requires the EBA to establish, manage and chair a consultative supervisory college for each issuer of a significant ART or of a significant EMT.
  • The role of supervisory colleges under MiCAR is to facilitate the exercise of the EBA’s supervisory tasks under MiCAR and to facilitate the cooperation and exchange of information among its members.

EBA consults on Guidelines on complaints handling by credit servicers

Retrieved on: 
Thursday, November 9, 2023

09 November 2023

Key Points: 
  • 09 November 2023
    The European Banking Authority (EBA) today launched a public consultation on its draft Guidelines on complaints handling by credit servicers under the Credit Servicers Directive (CSD).
  • The proposed Guidelines suggest applying to credit servicers the requirements of the existing Joint Committee Guidelines on complaints-handling.
  • Those requirements include complaints management policy, complaints management function, registration, reporting, internal follow-up, provision of information and procedures for responding to complaints.
  • The draft Guidelines are addressed to competent authorities and specify the requirements credit servicers should comply with when establishing and maintaining effective and transparent procedures for complaints handling from borrowers.