The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has today published its latest edition of the Spotlight on Markets Newsletter. Your one-stop-shop in the world of EU financial markets focused in June on ESMA’s Final Report on Greenwashing, the 2023 Annual Report and other important updates in the realm of the Regulation on […]
Author Archives: ETE
CSDR Refit: ESMA consults on rules to recalibrate and further clarify the framework
The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, is launching today new consultations on different aspects of the Central Securities Depositories Regulation (CSDR) Refit. The proposed rules relate to the information to be provided by European CSDs to their national competent authorities (NCAs) for the review and evaluation, the […]
ESMA’s stress test of Central Counterparties finds clearing system resilient
The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has published the results of its fifth stress test exercise for Central Counterparties (CCPs). The results confirm the overall resilience of European Union (EU) CCPs, as well as third-country Tier 2 CCPs, to core credit and liquidity financial risks under the […]
MiFIR review: ESMA launches new consultations
The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, is publishing today a new package of public consultations with the objective of increasing transparency and system resilience in financial markets, reducing reporting burden and promoting convergence in the supervisory approach. This package includes: Amendments to rules on the liquidity assessment […]
ESMA consults on Liquidity Management Tools for funds
The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, is seeking input on draft guidelines and technical standards under the revised Alternative Investment Fund Managers Directive (AIFMD) and the Undertakings for Collective Investment in Transferable Securities (UCITS) Directive. Both Directives aim to mitigate potential financial stability risks and promote harmonisation […]
ESMA consults on reporting requirements and governance expectations for some supervised entities
The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has today launched two consultations on proposed guidance for some of its supervised entities. The consultations are aimed at the following entities supervised by ESMA: Benchmark Administrators, Credit Rating Agencies, and three types of Market Transparency Infrastructures (Securitisation Repositories under SECR, […]
WA financial adviser Dash Vee permanently banned from financial services
ASIC has permanently banned WA based former financial adviser Dashiel Benjo Vee (aka Dash Vee) from providing financial services, controlling an entity that carries on a financial services business or performing any function involved in the carrying on of a financial services business. ASIC found that Mr Vee engaged in conduct that was dishonest and […]
ASIC releases estimated industry funding levies for 2023-24
ASIC today issued its 2023-24 Cost Recovery Implementation Statement (CRIS). The CRIS outlines estimated regulatory costs and levies for each industry subsector to help entities plan and budget for levies and fees to be charged. ASIC publishes this statement each year to provide information on how it implements its industry funding model, introduced by the […]
ASIC proposes October expiry date for managed investment scheme legislative instrument
ASIC is proposing that a legislative instrument, relating to managed investment schemes, be allowed to expire (‘sunset’) on 1 October 2024. This means the instrument will cease to operate and entities will no longer be able to rely on it. ASIC is seeking feedback regarding the sunsetting of ASIC Corporations (Land Holding for Primary Production […]
ESMA puts forward measures to support corporate sustainability reporting
The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has today published a Final Report on the Guidelines on Enforcement of Sustainability Information (GLESI) and a Public Statement on the first application of the European Sustainability Reporting Standards (ESRS). These documents will support the consistent application and supervision of sustainability […]