The Securities and Markets Stakeholder Group (SMSG) facilitates ESMA’s stakeholder consultation by providing technical advice on ESMA’s policies under development.
In particular, the SMSG is consulted on actions concerning regulatory technical standards and implementing technical standards and, guidelines and recommendations, to the extent that these do not concern individual financial market participants. The SMSG may also submit opinions and advice to ESMA on its own initiative, with a particular focus on promoting supervisory convergence and assessing market developments.
The SMSG may also submit a request to ESMA, as appropriate, to investigate the alleged breach or non-application of Union law.
The SMSG is composed of 30 members appointed by ESMA’s Board of Supervisors, following an open and transparent selection procedure and taking into account geographical and gender balance. The SMSG members represent, financial market participants operating in the Union (13), their employees’ representatives (1), consumers (6), users of financial services (4), representatives of small and medium-sized enterprises (2) and independent top-ranking academics (4).
Since July 2020 Professor Veerle Colaert chairs the SMSG. Her mandate is coming to an end on 30 June 2024.
|Stephan Balthasar||Financial market participants|
|Henning Bergmann||Financial market participants|
|Geoffrey Bezzina||Users of Financial Services|
|Piotr Biernacki||Small and medium enterprises|
|Florence Bindelle||Financial market participants|
|Morten Bruun Pedersen||Consumers|
|Lubomir Christov||Users of Financial Services|
|Urban Funered||Financial market participants|
|Ivana Gažić||Financial market participants|
|Adina Gurau Audibert||Financial market participants|
|Christiane Hölz||Users of Financial Services|
|Eric Litvack||Financial market participants|
|Sari Lounasmeri||Users of financial services|
|Stjepan Mandic||Small and Medium Enterprises|
|Christian Martin Stiefmueller||Consumers|
|François Masquelier||Financial market participants|
|Rainer Riess||Financial market participants|
|Virginie Saade||Financial Market Participants|
|Ignacio Santillán||Financial market participants|
|Pieter Schuurs||Financial market participants|
|Tanguy van de Werve||Financial market participants|
The SMSG is scheduled to meet seven times in 2022 and will meet twice with ESMA’s Board of Supervisors. The dates for the meetings are included in ESMA’s general calendar.