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 focuses on the last policy documents related to MiCA, as the regulation officially entered into force across the EU on 30 December 2024. ESMA has […]
Author Archives: ETE
ESMA publishes 2024 ESEF XBRL files and ESEF conformance suite
The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has today published the 2024 European Single Electronic Format (ESEF) XBRL taxonomy files and an update to the ESEF Conformance Suite to facilitate the implementation of the ESEF Regulation. ESMA aims to support the implementation of the ESEF by providing XBRL taxonomy files and Conformance […]
ESMA launches selection of the Consolidated Tape Provider for bonds
The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, is launching the first selection procedure for the Consolidated Tape Provider (CTP) for bonds. Entities interested to apply are encouraged to register and submit their requests to participate in the selection procedure by 7 February 2025. The CTP aims to enhance […]
Perth property developer disqualified from managing corporations for four years
ASIC has disqualified Allen Bruce Caratti, of Perth, Western Australia, from managing corporations for a period of 4 years, after his involvement in three failed companies. Mr Caratti was a director of three failed companies between 2005 and 2017: ACN 142 745 337 Pty Ltd (ACN 626 936 605) (formerly Mammoth Civil Pty Ltd) (‘Mammoth […]
Sanlam admits to inadequate oversight of authorised representatives
The Australian arm of South African financial services conglomerate Sanlam Group will need to have its compliance processes reviewed by an independent expert after it admitted to breaching its licensee obligations and provided a court enforceable undertaking (CEU) to ASIC. ASIC’s investigation into Sanlam Private Wealth Pty Ltd (Sanlam) uncovered concerns that the Australian financial […]
Sanlam admits to inadequate oversight of authorised representatives
The Australian arm of South African financial services conglomerate Sanlam Group will need to have its compliance processes reviewed by an independent expert after it admitted to breaching its licensee obligations and provided a court enforceable undertaking (CEU) to ASIC. ASIC’s investigation into Sanlam Private Wealth Pty Ltd (Sanlam) uncovered concerns that the Australian financial […]
Perth accountant charged over alleged insider trading in Genesis Minerals shares
Last Friday, 20 December 2024, Vittorio Letizia, of Cottesloe, Perth appeared at Perth Magistrates’ Court charged with five counts of insider trading in connection with purchases made in Genesis Minerals Limited shares in September 2021. ASIC alleges that Mr Letizia engaged in insider trading on five occasions in September 2021 when he purchased Genesis shares […]
Third person sentenced for Courtenay House misconduct
David Sipina of Prairiewood NSW, a former contractor and promoter of Courtenay House investments, has been sentenced to three years’ imprisonment, to be served by way of an intensive correction order, for his role in the unlicensed Courtenay House financial services business. On 20 December 2024, Mr Sipina pleaded guilty in the Coffs Harbour District […]
ESMA publishes feedback received to proposed review of securitisation disclosure templates
The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, today published a Feedback Statement summarising the responses it received to its Consultation Paper (CP) on the securitisation disclosure templates under the Securitisation Regulation (SECR). The Feedback Statement provides a detailed analysis of stakeholder feedback on the costs and benefits of […]
ESAs are recruiting Heads of Unit for their DORA Joint Oversight Team
The European Supervisory Authorities (EBA, EIOPA and ESMA – ESAs) today kicked off a joint recruitment process for Heads of Unit (AD9) in the Joint Oversight team that was set up to carry out the oversight of the Information and Communication Technology Critical Third-Party Providers (CTPPs) under the Digital Operational Resilience Act (DORA). The Heads […]