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Date	Ref.	Title	Section	Type	Download	Info	Summary	Related Documents	Translated versions
13/11/2018	ESMA33-128-505	Final Technical Advice Securitisation Repositories Fees	Securitisation	Technical Advice	PDF 570.74 KB
17/07/2018	ESMA70-154-652	Call for expressions of interest- SMSC CWG Renewal	MiFID - Secondary Markets	Vacancy	PDF 263.08 KB
17/07/2018	ESMA70-154-651	Application form- SMSC CWG Renewal 2018	MiFID - Secondary Markets	Vacancy	DOCX 37.81 KB
12/02/2018	ESMA50-164-1284	ESA warning on virtual currencies	Joint Committee, MiFID - Investor Protection	Investor Warning	PDF 563.64 KB				bgcsdadeelesetfifrhrhuitltlvmtnlplptroskslsv
11/12/2017	VAC2/TRP	Traineeship notice- Legal Profile (open call)	Careers, Vacancies	Vacancy	PDF 718.91 KB
11/12/2017	VAC1/TRP	Traineeship notice- Financial Markets Profile (open call)	Careers, Vacancies	Vacancy	PDF 714.4 KB
11/12/2017	VAC3/TRP	Traineeship notice- Transversal Profile (open call)	Careers, Vacancies	Vacancy	PDF 749.79 KB
12/09/2016	2016/1140	Final advice on AIFMD passport	Fund Management	Technical Advice	PDF 621.95 KB		This version of the advice includes the following clarifications with respect to the assessment of the Isle of Man: the Isle of Man underwent an assessment by the International Monetary Fund (IMF) in 2003 and 2009 as part of the Financial Sector Assessment Program (FSAP); and the self-assessment carried out by the Isle of Man Financial Services Authority in 2013 was an assisted self-assessment.
03/08/2016	2016/300	Warning- Unauthorised use of ESMA’s identity and logo	Corporate Information	Investor Warning	PDF 206.91 KB				bgcsdadeelesetfifrhrhuitltlvmtnlplptroskslsv
25/07/2016	2016/1166	Warning about CFDs, binary options and other speculative products	MiFID - Investor Protection, Warnings and publications for investors	Investor Warning	PDF 149.13 KB
02/10/2015	2015/1472	Technical Advice on Competition, Choice and Conflicts of Interest in the CRA industry	Credit Rating Agencies	Technical Advice	PDF 2.48 MB
02/10/2015	2015/1471	Technical Advice on Reducing Sole and Mechanistic Reliance on Credit Ratings	Credit Rating Agencies	Technical Advice	PDF 1.1 MB
05/08/2015	2015/1219	Final Report- Technical Advice under the CSD Regulation	Post Trading	Technical Advice	PDF 751.38 KB
30/07/2015	2015/1236	ESMA's advice to the European Parliament, the Council and the Commission on the application of the AIFMD passport to non-EU AIFMs and AIFs	Fund Management	Technical Advice	PDF 1.36 MB		Executive summary Reasons for publication In accordance with Articles 36 and 42 of the Directive 2011/61/EU on Alternative Investment Fund Managers (AIFMD), non-EU alternative investment fund managers (AIFMs) and non-EU alternative investment funds (AIFs) managed by EU AIFMs are subject to the national private placement regime (NPPR) of each of the Member States where the AIFs are marketed or managed. However, the AIFMD makes provision for the passport, which is currently reserved to EU AIFMs and AIFs, to be potentially extended in future. Article 67(1) of the AIFMD establishes that, by 22 July 2015, ESMA shall issue to the European Parliament, the Council and the Commission advice on the application of the passport to non-EU AIFMs and AIFs in accordance with the rules set out in Article 35 and 37 to 41 of the AIFMD. This document sets out ESMA’s advice on the application of the passport to six non-EU countries: Guernsey, Hong Kong, Jersey, Switzerland, Singapore and the United States. Contents Section 1 of the advice sets out the background to ESMA’s work, while the detailed assessment of each of the aforementioned non-EU countries is contained in section 2. Annexes 1 to 7 contain a summary of the feedback to the call for evidence that ESMA launched in November 2014. Annex 8 gives a detailed breakdown by non-EU country of the number of non-EU AIFs and non-EU AIFMs active in Member States in accordance with Articles 36 and 42 of the AIFMD. Next Steps ESMA will continue to work on its assessment of other non-EU countries not covered in this advice with a view to delivering further submissions to the European Parliament, the Council and the Commission in the coming months. For those non-EU jurisdictions with which there are currently no supervisory cooperation arrangements in place for the purposes of the AIFMD, ESMA will continue its efforts to agree a MoU with the authorities concerned.	2015-1235_opinion_to_ep-council-com_on_aifmd_passport_for_publication.pdf
16/02/2015	2015/227	Final Report- ESMA’s technical advice to the European Commission on the delegated acts of the Regulations on European Social Entrepreneurship Funds and European Venture Capital Funds	Fund Management	Technical Advice	PDF 609.09 KB
03/02/2015	2015/224	ESMA’s technical advice on possible delegated acts concerning the Market Abuse Regulation	Market Abuse	Technical Advice	PDF 1021.03 KB		This advice:• specifies the MAR market manipulation indicators, by providing examples of practices that may constitute market manipulation as well as proposing “additional” indicators of market manipulation; • recommends to set the minimum thresholds that exempt certain market participants in the emission allowance market from publicly disclosing inside information at six million tonnes of CO2eq per year and at 2,430 MW rated thermal input;• suggests the way to determine to which regulator delays in disclosure of inside information needs to be notified. • provides clarifications on the enhanced disclosure of managers’ transactions. - ESMA recommends disclosing any acquisition, disposal, subscription or exchange of financial instruments of the relevant issuer or related financial instruments carried out by managers,, further illustrated through a non-exhaustive list of types of transactions subject to this obligation. . ESMA also clarifies the transactions that can be allowed by the issuer during a closed period when normally managers are prohibited to trade; and• proposes procedures and arrangements to ensure sound whistleblowing infrastructures – i.e. EU national regulators should allow the receipt of reports of infringements, including appropriate communication channels and guarantee the protection of reporting and reported persons, with respect to their identity and their personal data. Next steps ESMA has sent its technical advice to the European Commission for its consideration in drafting its implementing standards regarding MAR. ESMA’s regulatory technical standards regarding MAR will be delivered in July 2015.
19/12/2014	2014/1569	Technical Advice to the Commission on MiFID II and MiFIR	MiFID - Investor Protection, MiFID - Secondary Markets	Technical Advice	PDF 2.8 MB		Reasons for publication The European Securities and Markets Authority (ESMA) received a formal request (mandate) from the European Commission (Commission) on 23 April 2014 to provide technical advice to assist the Commission on the possible content of the delegated acts required by several provisions of Markets in Financial Instruments Directive (MiFID II) and the Markets in Financial Instruments Regulation (MiFIR). The mandate focuses on technical issues which follow from MiFID II and MiFIR and is available on the European Commission website (here). ESMA was required to provide technical advice by no later than six months after the entry into force of MiFID II and MiFIR (2 July 2014). Contents This final report follows the same structure as the Consultation Paper (CP) published by ESMA on 22 May 2014 which is: (1) Introduction, (2) Investor protection, (3) Transparency, (4) Data publication, (5) Micro-structural issues, (6) Requirements applying on and to trading venues, (7) Commodity derivatives and (8) Portfolio compression. This paper also contains summaries of responses to the CP received by ESMA. The rationale of those items covered already in the CP for which no relevant changes have been introduced, is not developed again in this Final Report. ESMA recommends, therefore, to read this report together with the CP published on 22 May 2014 to have a complete vision of the rationale for ESMA’s technical advice. Next steps Delegated acts should be adopted by the Commission so that they enter into application by 30 months following the entry into force of the Directive and Regulation, taking into account the right of the European Parliament and Council to object to a delegated act within 3 months (which can be extended by a further 3 months).
28/11/2014	2014/1417	ESMA's technical advice to the European Commission on delegated acts required by the UCITS V Directive	Fund Management	Technical Advice	PDF 469.49 KB
17/09/2014	2014/850rev	Technical Advice in accordance with Article 39(b) 2 of the CRA Regulation	Credit Rating Agencies	Technical Advice	PDF 370.42 KB		This document has been revised to reflect an amended figure in Table 1 and two re-classifications of solicitation status in Table 2. Article 39b(2) of the CRA Regulation states that the European Commission shall adopt a report by end 2014 – after receiving ESMA’s technical advice – on the appropriateness of the development of a European creditworthiness assessment for sovereign debt. In its request for advice, the Commission asked ESMA to provide input on the issue of sovereign ratings and rating processes including an overview of the market for sovereign ratings, information on operational issues regarding sovereign ratings, information on sovereign rating processes as well as lessons drawn from ESMA’s supervisory experience. Contents For the purposes of this advice, ESMA provides its views based on the quantitative information contained in the CEREP public database and on information publicly disclosed by credit rating agencies registered with ESMA. Additionally, ESMA’s advice has been informed by its first supervisory activities regarding the rating process for sovereign ratings of CRAs which are active in the EU sovereign rating market. In accordance with the CRA Regulation, these supervisory activities did not address the content of the sovereign methodologies themselves but rather were concerned with the independence, transparency and governance of the sovereign rating process. Sovereign credit ratings play a crucial role from a credit market and financial stability perspective, not least because sovereign governments account for the largest group of borrowers in capital markets in terms of volume. In addition the crucial importance of these sovereign ratings can be amplified by the “cascade” effect sovereign ratings have on other asset classes via their presence as factors in other asset methodologies. In the EU the sovereign rating market is composed of nine CRAs established in nine different EU member states. These nine CRAs exhibit a high level of variation with respect to the type and number of sovereign ratings they assign. Sovereign credit ratings themselves can also be differentiated in various ways depending on such factors as local/foreign currency, duration of issuance, whether the rating applies to a specific issuer or issuance and if it is solicited or unsolicited. In addition ESMA would like to emphasise the following points which it believes to be important when considering the appropriateness of the development of a European creditworthiness assessment of sovereign debt.
27/03/2014	2014/312	Technical advice to the European Commission on the information that competent authorities should provide to ESMA pursuant to Article 67(3) of the AIFMD	Fund Management	Technical Advice	PDF 330.79 KB		Reasons for publication ESMA is issuing this technical advice in response to the mandate received from the European Commission on 20 December 2013 for advice on the possible content of the delegated act required by Article 67(5) of the AIFMD, concerning the information that EU competent authorities have to provide quarterly to ESMA pursuant to Article 67(3) of the Directive. This information is needed in order to allow ESMA to produce the opinion and the advice required in Article 67(1) of the AIFMD, in relation to the possible extension of the AIFMD passport to non-EU AIFs and non-EU AIFMs. Contents Section II describes the background of the proposal. Section III specifies the timing for the provision of the information to ESMA and lists the information that the competent authorities should provide quarterly to ESMA. The list of information is divided into three parts: the first refers to the information about the functioning of the passport for EU AIFMs; the second deals with the functioning of the national private placement regime for non-EU AIFs and non-EU AIFMs; and the third refers to the issues arising from the functioning of both systems. Finally, Section IV reproduces the mandate for advice issued by the European Commission. Next steps ESMA will cooperate closely with the European Commission in order to facilitate an expeditious adoption of the delegated act required by Article 67(5) of the AIFMD.