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ESMA LIBRARY

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Date	Ref.	Title	Section	Type	Download	Info	Summary	Related Documents	Translated versions
18/12/2020	ESMA50-157-2403	Final report on Guidelines on outsourcing to cloud service providers	Innovation and Products	Final Report	PDF 384.63 KB
03/06/2020	ESMA50-164-3342	Draft Guidelines on Outsourcing to Cloud Service Providers	Innovation and Products	Consultation Paper	PDF 390.7 KB
15/03/2018	JC-2018-04	Joint Committee Final Report on Big Data	Innovation and Products	Final Report	PDF 520.31 KB
05/03/2018	ESMA70-145-386	Technical Advice on the evaluation of certain elements of the Short Selling Regulation	Short Selling	Final Report	PDF 1.72 MB
07/07/2017	ESMA70-145-127	Consultation paper on the evaluation of the short-selling regulation	Market Integrity, Short Selling	Consultation Paper	PDF 1.46 MB
02/06/2016	2016/773	Discussion Paper on the Distributed Ledger Technology Applied to Securities Markets	Innovation and Products, Risk Analysis & Economics - Markets Infrastructure Investors	Consultation Paper	PDF 573.86 KB
21/05/2015	2015/856 Ann1	Investment-based crowdfunding- Insights from regulators in the EU	Innovation and Products	Final Report	PDF 319.65 KB
22/04/2015	2015/532	Investment using virtual currency or distributed ledger technology	Innovation and Products	Consultation Paper	PDF 526.19 KB		ESMA has been monitoring and analysing virtual currency investment over the last 6 months, to understand developments in the market, potential benefits or risks for investors, market integrity or financial stability, and to support the functioning of the EU single market. ESMA’s analysis is set out in this paper. ESMA is seeking to share its analysis in order to promote wider understanding of innovative market developments, and invites market participants and other stakeholders to submit feedback and any additional information on the following topics: Virtual currency investment products, i.e. collective investment schemes or derivatives such as options and CFDs that have virtual currencies (VCs) as an underlying or invest in VC related businesses and infrastructure; Virtual currency based assets/securities and asset transfers, i.e. financial assets such as shares, funds, etc. that are exclusively traded using virtual currency distributed ledgers (also known as block chains);and The application of the distributed ledger technology to securities/investments, whether inside or outside a virtual currency environment.
18/12/2014	2014/1560	Advice- Investment-based crowdfunding	Innovation and Products	Final Report	PDF 482.2 KB		Crowdfunding is a means of raising finance for projects from ‘the crowd’ often by means of an internet-based platform through which project owners ‘pitch’ their idea to potential backers, who are typically not professional investors. It takes many forms, not all of which involve the potential for a financial return. ESMA’s focus is on crowdfunding which involves investment, as distinct from donation, non-monetary reward or loan agreement.Crowdfunding is relatively young and business models are evolving. EU financial services rules were not designed with the industry in mind. Within investment-based crowdfunding a range of different operational structures are used so it is not straightforward to map crowdfunding platforms’ activities to those regulated under EU legislation. Member States and NCAs have been working out how to treat crowdfunding, with some dealing with issues case-by-case, some seeking to clarify how crowdfunding fits into existing rules and others introducing specific requirements.To assist NCAs and market participants, and to promote regulatory and supervisory convergence, ESMA has assessed typical investment-based crowdfunding business models and how they could evolve, risks typically involved for project owners, investors and the platforms themselves and the likely components of an appropriate regulatory regime. ESMA then prepared a detailed analysis of how the typical business models map across to the existing EU legislation, set out in sections 1 to 6 of this document.
12/02/2013	2013/203	On the evaluation of the Regulation (EU) 236/2012 of the European Parliament and of the Council on short selling and certain aspects of credit default swaps	Short Selling	Consultation Paper	PDF 315.16 KB
01/02/2013	2013/158	Guidelines on the exemption for market making activities and primary market operations under Regulation (EU) 236/2012 of the European Parliament and the Council on short selling and certain aspects of Credit Default Swaps	Short Selling	Final Report	PDF 501.8 KB
03/01/2013	2012/875	Report to the European Parliament, the Council and the Commission on the budgetary impli-cations of Regulation (EU) No 236/2012 on short selling and certain aspects of credit default swaps	Short Selling	Final Report	PDF 532.88 KB
17/09/2012	2012/580	Exemption for market making activities and primary market operations under Regulation (EU) 236/2012 of the European Parliament and the Council on short selling and certain aspects of Credit Default Swaps	Short Selling	Consultation Paper	PDF 307.31 KB
15/02/2012	2012/98	ESMA's draft technical advice on possible Delegated Acts concerning the regulation on short selling and certain aspects of credit default swaps ((EC) No XX/2012)	Short Selling	Consultation Paper	PDF 429.17 KB		The purpose of this consultation is to seek comments on the technical advice that ESMA proposes to give to the European Commission on a number of possible delegated acts concerning the Regulation as listed in the Commission request for advice. These delegated acts should then be adopted in accordance with Article 290 of the Treaty of the Functioning of the European Union (TFEU). ESMA will consider the feedback it receives to this consultation and to the open hearing to be held on 29 February 2012 in March 2012 and expects to publish a final report and submission of the draft advice on Delegated Acts to the European Commission by mid-April 2012.
24/01/2012	2012/30	Draft technical standards on the Regulation (EU) xxxx/2012 of the European Parliament and of the Council on short selling and certain aspects of credit default swaps	Short Selling	Consultation Paper	PDF 245.84 KB		ESMA will consider the feedback it received to this consultation in February/March 2012 and expects to publish a final report and submission of the draft technical standards to the European Commission by 31 March 2012 for endorsement.