ESMA LIBRARY

The ESMA Library contains all ESMA documents. Please use the search and filter options to find specific documents.
34
DOCUMENTS

REFINE YOUR SEARCH

Sections

Type of document

Your filters
Annual Report X Letter X Q&A X Technical Advice X Final Report X Corporate Governance X Procurement X CCP Directorate X Innovation and Products X
Reset all filters

Pages

Date Ref. Title Section Type Download Info Summary Related Documents Translated versions
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.
29/06/2020 ESMA50-164-3475 Coverletter- ESMA response to EC consultation on a new Digital Finance Strategy for Europe Innovation and Products Letter PDF
87.97 KB
09/02/2021 ESAs 2021 07 ESAs letter on DORA Innovation and Products, Joint Committee Letter PDF
142.91 KB
22/11/2011 2011/219 ESMA comment letter on the EU Commission Green Paper- The EU Corporate Governance Framework Corporate Disclosure, Corporate Governance Letter PDF
496.17 KB
16/05/2022 ESMA91-372-2067 Final Report Draft Guidelines on Valuation prior to Termination CCP Directorate Final Report PDF
678.08 KB
16/05/2022 ESMA91-372-2069 Final Report Draft RTS on Resolution Colleges CCP Directorate Final Report PDF
987.29 KB
16/05/2022 ESMA91-372-2065 Final Report Draft RTS on Safeguards clients and indirect clients PUBLIC CCP Directorate Final Report PDF
453.16 KB
16/05/2022 ESMA91-372-2068 Final Report Draft RTS on the Content of Resolution Plans CCP Directorate Final Report PDF
728.74 KB
16/05/2022 ESMA91-372-2066 Final Report Draft RTS on Valuation and Independent Valuer CCP Directorate Final Report PDF
1.14 MB
30/03/2020 ESMA70-151-2919 Final Report EMIR RTS on Colleges for CCPs CCP Directorate, Post Trading, Supervisory convergence Final Report PDF
273.08 KB
16/05/2022 ESMA91-372-2070 Final Report Guidelines FoLTF CCP Directorate 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 CCP Directorate Final Report PDF
428.18 KB
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
31/03/2020 ESMA43-370-103 Final report on TA on EMIR 2.2 CCP fines CCP Directorate, Credit Rating Agencies, Post Trading, Trade Repositories Final Report PDF
478.11 KB
08/04/2021 ESMA70-151-3373 Final Report RTS Article 15 and 49 EMIR CCP Directorate Final Report PDF
464.15 KB
31/01/2022 ESNA91-372-1706 Final report- Draft RTS on calculation and maintenance of own resources CCP Directorate Final Report PDF
1.03 MB
31/01/2022 ESMA91-372-1705 Final report- Draft RTS on conditions for recompense CCP Directorate Final Report PDF
695.15 KB
31/01/2022 ESMA91-372-1703 Final report- Draft RTS on recovery factors art 10(12) CCP Directorate Final Report PDF
847.29 KB
31/01/2022 ESMA91-372-1702 Final report- Guidelines on CCP recovery plan indicators CCP Directorate Final Report PDF
527.18 KB
31/01/2022 ESMA91-372-1701 Final report- Guidelines on CCP recovery plan scenarios CCP Directorate Final Report PDF
554.85 KB

Pages