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

25 mei in Geen onderdeel van een categorie

ESMA, the EU’s securities markets regulator, recommends to the European Commission (EC) to permanently lower the threshold to notify net short positions on shares to national competent authorities (NCAs) from 0.2% to 0.1%. ESMA has examined the evidence gathered after its successive emergency decisions, beginning in March 2020,...

ECB Supervision Newsletter: Large investment firms: new licence, new supervisor

21 mei in Geen onderdeel van een categorie

Investment firms play an important role in capital markets because they offer investors access to securities and derivatives markets through a number of different services, including investment advice, portfolio management, brokerage, order execution, proprietary trading and underwriting. These firms are regulated and supervised for a number...

FSMA consultation about the SPACs (Special Purpose Acquisition Companies)

17 mei in Geen onderdeel van een categorie

A SPAC, or Special Purpose Acquisition Company, is a new company established for the specific purpose of raising capital, applying for a stock exchange listing and within a short period thereafter, financing a merger or acquisition. The FSMA is proposing to introduce minimum standards for SPACs....

Commission Delegated Regulation extending the transitional period for PSAs

17 mei in Geen onderdeel van een categorie

On 6 May 2021, the European Commission adopted a Delegated Regulation extending the transitional period referred to in Article 89(1), first subparagraph, of the European Market Infrastructure Regulation (EMIR).   EMIR provides for a temporary exemption from the clearing obligation for pension scheme arrangements (PSAs) meeting certain...

ESMA proposes amendements to MiFIR on transactions reporting and best execution reporting

08 april in Geen onderdeel van een categorie

The European Securities and Markets Authority (ESMA), has published the Final Report on the review of transaction and reference data reporting obligations under MiFIR. The final report contains recommendations and possible legislative amendments to MiFID II/MiFIR with a view to simplifying the current reporting regimes whilst...

SDR – Settlement Discipline Regime implementation: Trade associations joint letter

08 april in Geen onderdeel van een categorie

The EBF and 14 trade associations1 representing a wide range of stakeholders in the European and global financial markets recently wrote to the European Commission and ESMA raising concerns about the implementation of the mandatory buy-in requirement under the EU’s CSDR2 Settlement Discipline Regime. The current mandatory...