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Date Ref. Title Section Type Download Info Summary Related Documents Translated versions
21/10/2021 ESMA91-372-1783 20211021_EACH CCP Risk Management Summit Speech Speech PDF
117.53 KB
18/12/2014 2014/1560 Advice- Investment-based crowdfunding 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.
27/02/2018 ESMA71-319-70 Afore Consulting’s Second Annual FinTech and Digitalisation Conference: Regulation at the European Level and Beyond – Stanhope Hotel Brussels , Speech PDF
168.3 KB
14/10/2021 ESMA24-436-15 Annex to the Opening Statement ECON Hearing 14 October 2021 , , , , , , , , , Speech PDF
415.73 KB
07/01/2016 2015/1915 Closing Speech by V Ross, ESMA FI Day Speech PDF
100.54 KB
29/06/2020 ESMA50-164-3475 Coverletter- ESMA response to EC consultation on a new Digital Finance Strategy for Europe Letter PDF
87.97 KB
30/11/2018 ESMA71-99-1070 Developments in RegTech and SupTech , Speech PDF
228.76 KB
09/02/2021 ESAs 2021 07 ESAs letter on DORA , Letter PDF
142.91 KB
22/11/2011 2011/219 ESMA comment letter on the EU Commission Green Paper- The EU Corporate Governance Framework , Letter PDF
496.17 KB
16/05/2022 ESMA91-372-2067 Final Report Draft Guidelines on Valuation prior to Termination Final Report PDF
678.08 KB
16/05/2022 ESMA91-372-2069 Final Report Draft RTS on Resolution Colleges Final Report PDF
987.29 KB
16/05/2022 ESMA91-372-2065 Final Report Draft RTS on Safeguards clients and indirect clients PUBLIC Final Report PDF
453.16 KB
16/05/2022 ESMA91-372-2068 Final Report Draft RTS on the Content of Resolution Plans Final Report PDF
728.74 KB
16/05/2022 ESMA91-372-2066 Final Report Draft RTS on Valuation and Independent Valuer Final Report PDF
1.14 MB
30/03/2020 ESMA70-151-2919 Final Report EMIR RTS on Colleges for CCPs , , Final Report PDF
273.08 KB
16/05/2022 ESMA91-372-2070 Final Report Guidelines FoLTF Final Report PDF
596.22 KB
24/02/2021 ESMA70-151-3370 Final report on GL on Review_Evaluation EU CCP NCAs EMIR Art 21 Final Report PDF
428.18 KB
18/12/2020 ESMA50-157-2403 Final report on Guidelines on outsourcing to cloud service providers Final Report PDF
384.63 KB
31/03/2020 ESMA43-370-103 Final report on TA on EMIR 2.2 CCP fines , , , Final Report PDF
478.11 KB
08/04/2021 ESMA70-151-3373 Final Report RTS Article 15 and 49 EMIR Final Report PDF
464.15 KB