Geen onderdeel van een categorie

EMIR: ESMA recommends June 2023 start date for clearing obligation for pension funds

11 februari in Geen onderdeel van een categorie

ESMA has recently written to the EU Commission providing its views and recommendations on the clearing obligation for pension scheme arrangements (PSA). Following its assessment, ESMA has concluded that PSAs are operationally ready to clear their over the counter (OTC) derivatives but they should be given...

EFAMA – EFSA Joint Statement on EU Commission proposal for revised Market in Financial Instrument Regulation (MiFIR)

17 december in Geen onderdeel van een categorie

EFAMA and EFSA  see great value in the creation of a consolidated tape to support Europe’s capital markets. However, they qualify that statement with a reminder that the framework for a successful consolidated tape should i) address the known market failure around market data costs, ii) manage...

EC McGuinness – opening remarks with ECON Committee in the EU Parliament

09 december in Geen onderdeel van een categorie

Some key messages delivered by Commissioner McGuinness, on CMU, Central Clearing post-Brexit and Digital Finance Full text (and other topics) Capital Markets Union Last week’s CMU package implements a number of the measures in the 2020 Action Plan. We have four main elements. First, the European single access point...

SFDR-Sustainable Finance Disclosure Regulation reporting – pushed back to Jan 2023

09 december in Geen onderdeel van een categorie

The EU SFDR reporting is pushed back to 2023. The European Commission said in a letter to the European Parliament and Council that it is postponing the next phase of reporting under the Sustainable Finance Disclosure Regulation until 1 January 2023, the second delay in implementation...

Euronext to cut ties with LCH and move clearing to Italian CCP following merger.

17 november in Geen onderdeel van een categorie

From Thetradenews.com: Euronext to cut ties with LCH and move clearing to Italian CCP following merger Earliest date for derivatives clearing deal to end is 2024 under the 10-year deal signed in 2017, as LCH shrugs off impact of the break-up on its business. By Jonathan Watkins. Euronext’s...

ESMA call for evidence : retail investor protection

05 oktober in Geen onderdeel van een categorie

ESMA seeks stakeholder input on shaping advice on retail investor protection. ESMA has published  a call for evidence on a number of retail investor protection topics under MiFID II. These views will feed into ESMA’s technical advice to the European Commission (EC) on the development of...

ESMA 2022 Annual Work Programme

05 oktober in Geen onderdeel van een categorie

ESMA to focus on supervision, sustainability, digitalization and the Capital Markets Union in 2022 The European Securities and Markets Authority (ESMA) published its 2022 Annual Work Programme (AWP), setting out its priority work areas for 2022: AWP 2022. Key areas of focus include: o   the exercise of new,...

ESMA consults on the review of the Short Selling Regulation

29 september in Geen onderdeel van een categorie

ESMA recently issued a consultation paper on the review of the Short Selling Regulation (SSR). In the consultation paper ESMA conducts a systematic review of the provisions of the SSR. Among other things ESMA sets out suggestions for operational improvements and policy clarifications on: The calculation of net...

MIFID best execution reports: ESMA consultation

29 september in Geen onderdeel van een categorie

ESMA recently issued a consultation paper setting out proposals for improvements to the MiFID II framework on best execution reports. Article 27 of MiFID II sets out best execution requirements which aim at ensuring that investment firms take all sufficient steps to obtain, when executing client orders, the...