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Date Ref. Title Section Type Download Info Summary Related Documents Translated versions
15/11/2000 Fesco/99-127 1999-2000 Report on the activities of FESCO Annual Report PDF
378.9 KB
15/10/2009 AMLFT 09 3L3 Press Release on the Committees' compendium paper on the supervisory implementation practices of the Third Money Laundering Directive Press Release PDF
81.42 KB
15/11/2018 ESMA70-145-1081 Annual report on administrative and criminal sanctions and other administrative measures under MAR , Annual Report PDF
158.47 KB
18/11/2009 09-782 CESR 2009 Half-Yearly Report Annual Report PDF
925.93 KB
26/10/2010 10-1027 CESR 2010 Half-Yearly Report Annual Report PDF
902.07 KB
01/01/2003 2001-2002 CESR Annual Report for 2001-2002 Annual Report PDF
12.39 MB
03/03/2004 03-396 CESR Annual Report for 2003 Annual Report PDF
1.54 MB
CESR presents its Annual Report for 2003 to the European Commission, the European Parliament and the Ecofin Council. The Annual Report provides a thorough overview of the work of CESR and sets out our work plan for 2004. The report includes an explanation of the institutional framework within which CESR works and comments on the market trends of 2003. It also includes a chapter on each working group established within CESR and outlines the key points and progress made under each area. Looking to 2004, the annual report sets out the main priorities and indicates when various projects identified are expected to take place.
07/04/2005 05-013 CESR Annual Report for 2004 Annual Report PDF
2.62 MB
The Annual report was submitted to the European Commission and to the President of the European Parliament and the ECOFIN Council in accordance with the Article 4 of the European Commission
26/06/2006 06-004 CESR Annual Report for 2005 Annual Report PDF
2.08 MB
28/09/2007 07-003 CESR Annual Report for 2006 Annual Report PDF
2.88 MB
25/07/2008 08-103 CESR Annual Report for 2007 Annual Report PDF
4.89 MB
27/07/2009 09-744 CESR Annual Report for 2008 Annual Report PDF
3.8 MB
18/06/2010 10-766 CESR Annual Report for 2009 Annual Report PDF
4.59 MB
15/09/2010 10-1128 CESR Chair Tavares welcomes the two new proposals by the Commission for the regulation of derivatives markets and short selling Press Release PDF
106.29 KB
31/01/2007 07-100 CESR Chairs elect the Chair and Vice-Chair of CESR to lead them for the next two years Press Release PDF
82.99 KB
19/01/2010 10-034 CESR introduces new working structures to increase efficiency and to prepare for a smooth transition to ESMA Press Release PDF
185.06 KB
16/07/2010 10-901 CESR Members elect the Chair and Vice Chair of CESR to lead the Committee of European Securities Regulators (CESR) Press Release PDF
136.04 KB
05/04/2007 07-121b annex Conclusions on IFRIC rejection notes Press Release PDF
36.96 KB
14/11/2013 2013/1650 ESMA begins preparatory work for new Market Abuse Regime , , Press Release PDF
95.26 KB
ESMA begins preparatory work for new Market Abuse Regime The European Securities and Markets Authority (ESMA) has published a Discussion Paper setting out its initial views on the implementing measures it will have to develop for the new Market Abuse Regulation (MAR). MAR aims to enhance market integrity and investor protection. It will achieve this by updating and strengthening the existing market abuse framework, by extending its scope to new markets and trading strategies, and by introducing new requirements. The Discussion Paper presents positions and regulatory options on those issues where ESMA will have to develop MAR implementing measures, likely to include Regulatory Technical Standards, Delegated Acts and Guidelines. These implementing measures are of fundamental importance to the new regime, as they set out how MAR’s enlarged scope is to be implemented in practice by market participants, trading platforms, investors, issuers and persons related to financial markets. In developing these regulatory options ESMA, where similar requirements already exist under the current Market Abuse Directive (MAD), has taken into consideration the existing MAD Level 2 texts and ESMA/CESR guidelines to set out the DP positions in light of the extended scope of MAR. This Discussion Paper is based on the version of the MAR Level 1 text agreed by the European Parliament, the Council and the European Commission on 24 June 2013. The closing date for responses is Monday 27 January 2014. MAR Policy Areas The DP covers ten sections of MAR where ESMA is expected to have to provide input, these include: • conditions to be met by buyback programmes and stabilization measures to benefit from the exemption from market abuse prohibitions; • arrangement and procedures required for market soundings, from the perspective of both the sounding and the sounded market participants; • indicators and signals of market manipulation; • criteria to establish Accepted Market Practices; • arrangement, systems and procedures to put in place for the purpose of suspicious transactions and order reporting as well as its content and format; • issues relating to public disclosure of inside information and the conditions for delay; • format for insider lists; • issues concerning the reporting and public disclosure of managers’ transactions; • arrangements for fair presentation and disclosure of conflicts of interests by producers and disseminators of investment recommendations; • reporting of violations and related procedures. Next steps ESMA will consider the feedback it receives to this consultation in Q1 2014 and incorporate it in to its full consultation papers on both its draft Technical Standards and Technical Advice to the Commission. The dates for these consultations are will depend on the publication of the final version of MAR. Notes for editors 1. 2013/1649 Discussion Paper - ESMA’s policy orientations on possible implementing measures under the Market Abuse Regulation 2. Proposal for a Regulation of the European Parliament and of the Council on insider dealing and market manipulation (market abuse) (MAR) 3. ESMA is an independent EU Authority that was established on 1 January 2011 and works closely with the other European Supervisory Authorities responsible for banking (EBA), and insurance and occupational pensions (EIOPA), and the European Systemic Risk Board (ESRB). 4. ESMA’s mission is to enhance the protection of investors and promote stable and well-functioning financial markets in the European Union (EU). As an independent institution, ESMA achieves this aim by building a single rule book for EU financial markets and ensuring its consistent application across the EU. ESMA contributes to the regulation of financial services firms with a pan-European reach, either through direct supervision or through the active co-ordination of national supervisory activity. Press Release 2013/1650 Discussion Paper 2013/1649
15/02/2016 2016/291 ESMA consults on implementation of the Benchmarks Regulation , , Press Release PDF
118.88 KB

The European Securities and Markets Authority (ESMA) has today published a Discussion Paper (DP) regarding the technical implementation of the incoming Benchmarks Regulation (BR). ESMA is seeking stakeholder’s input to inform its future proposals on draft Regulatory Technical Standards (RTS) and Technical Advice (TA) to the European Commission.

Benchmarks are used in financial markets as a reference to price financial instruments and to measure performance of investment funds, as well as being an important element of many financial contracts and their integrity is critical to financial markets and to investors in particular. The BR’s objective is to improve the governance and control over the benchmark process, thereby ensuring their reliability and protecting users. The changes aim to:

  • improve the quality of the input data and methodologies used by benchmark administrators;
  • ensure that benchmark contributors provide adequate data and are subject to proper controls; and
  • ensure the supervision and viability of critical benchmarks.

Steven Maijoor, ESMA Chair, said:

“The Benchmark Regulation, once implemented, will ensure the accuracy, robustness and integrity of benchmarks and the benchmark setting process by clarifying the behaviours and standards expected of administrators and contributors. These requirements will ensure that benchmarks are produced in a transparent and reliable manner and so contribute to well-functioning and stable markets, and investor protection.

“ESMA, in preparing for its work on regulatory technical standards and technical advice, is keen to ensure that all affected stakeholders have their views heard on this important topic and we hope that all interested parties will take this opportunity to contribute.”

The DP is seeking stakeholder’s feedback in the following areas:

  • definition of benchmarks;
  • requirements for the benchmark oversight function;
  • requirements for the benchmark input data;
  • governance and control requirements for supervised benchmark contributors;
  • authorisation and registration of an administrator; and
  • transparency requirements regarding the benchmark methodology.

The exact date when the Benchmarks Regulation will enter into force is still unknown as it has not yet been published in the Official Journal of the EU.

Next steps

ESMA will hold an open hearing on the DP on 29 February 2016 in Paris. It will use the responses to its DP to develop detailed implementing measures on which it will publish a follow-up consultation in Q3 2016.

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