Tag: European Securities and Markets Authority

SFC fines
July 23, 2018 BY Valentina Kirilova

Nordea and SEB among five banks fined €2.5M for issuing unauthorized credit ratings

The European Securities and Markets Authority (ESMA) just informed the public that it has today fined Danske Bank, Nordea Bank, SEB, Svenska Handelsbanken and Swedbank €495,000 each and issued five public notices for negligently breaching the Credit Rating Agencies Regulation (CRAR). ESMA found that the five banks infringed the CRAR by issuing credit ratings without…

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ESMA bond liquidity data
July 18, 2018 BY Valentina Kirilova

ESMA clarifies endorsement regime for non-EU credit ratings

The European Securities and Markets Authority (ESMA) has published today supplementary guidance on the application of the endorsement regime for non-EU credit ratings under the Credit Rating Agencies Regulation (CRAR). In order to ensure that third-country credit ratings, which are endorsed for use by EU investors, meet requirements which are at least as stringent as…

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July 12, 2018 BY Valentina Kirilova

ESMA warns UK entities to prepare for a no-MiFID hard Brexit

The European Securities and Markets Authority (ESMA) has announced that it is issuing a Public Statement in order to raise the awareness of all market participants on the importance to prepare for the possibility of no agreement in the context of the United Kingdom withdrawing from the European Union. As there is no assurance that a…

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May 29, 2018 BY Valentina Kirilova

ESMA publishes final guidelines on MiFID II suitability requirements

The European Securities and Markets Authority (ESMA) informed that it has published its Final Report on Guidelines on certain aspects of the MiFID II suitability requirements. The assessment of suitability is one of the most important requirements for investor protection in the MiFID framework. It applies to the provision of any type of investment advice,…

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April 03, 2018 BY Valentina Kirilova

ESMA continues to focus on convergence in enforcement of IFRS across the EU

The European Securities and Markets Authority (ESMA) has published its 2017 annual report on the enforcement and regulatory activities of accounting enforcers within the European Union (EU). In 2017 ESMA and European Enforcers continued to engage in regular supervisory convergence activities on IFRS. Moreover, considering the new standards IFRS 9 Financial Instruments and IFRS 15…

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ESMA ceases renewal of product intervention CFDs measures
January 10, 2018 BY Valentina Kirilova

ESMA delays publication of double volume cap data

The European Securities and Markets Authority (ESMA) announced that it has decided to delay the publication of the data on the double volume cap (DVC) mechanism for January 2018. The current quality and completeness of the data does not allow for a sufficiently meaningful and comprehensive publication of double volume cap calculations, as required under…

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Moment of Truth: ESMA now requires the online publication of RTS27 and RTS28 reports
January 09, 2018 BY Valentina Kirilova

ESMA publishes first MiFID II position management controls for commodity derivatives

The European Securities and Markets Authority (ESMA) has issued today a first badge of position management controls under the Markets in Financial Instruments Directive (MiFID II). MiFID II requires Member States to ensure that an investment firm or a market operator operating a trading venue which trades commodity derivatives apply position management controls. Investment firms or…

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ESMA ceases renewal of product intervention CFDs measures
December 20, 2017 BY Valentina Kirilova

ESMA issues statement on LEI implementation under MIFID II

The European Securities and Markets Authority (ESMA) has issued today a statement to support the smooth implementation of Legal Entity Identifiers (LEI) requirements under the Markets in Financial Instruments Regulation (MiFIR). MiFIR obliges EU investment firms to identify their clients that are legal persons with LEIs for the purpose of MiFID II transaction reporting. Trading…

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ESMA ceases renewal of product intervention CFDs measures
December 18, 2017 BY Valentina Kirilova

ESMA updates Q&A on MiFIR data reporting

The European Securities and Markets Authority (ESMA) has today updated its Questions and Answers (Q&A) regarding data reporting under the Market in Financial Instruments Directive (MiFID II) and Regulation (MiFIR). This document includes updated Q&As on: Unknown date of admission Concept of underlying Non-EU branches of EU Investment firms The purpose of this document is…

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Moment of Truth: ESMA now requires the online publication of RTS27 and RTS28 reports
December 15, 2017 BY Valentina Kirilova

ESMA consults on draft RTS for prospectuses

The European Securities and Markets Authority (ESMA) today launched a consultation on draft Regulatory Technical Standards (RTS) under the new Prospectus Regulation (Regulation (EU) 2017/1129). These RTSs set out a number of requirements concerning the following topics: The key financial information that should appear in the summary of the prospectus; Data and machine readability of…

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