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Date | Ref. | Title | Section | Type | Download | Info | Summary | Related Documents | Translated versions |
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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 |
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25/11/2011 | 2011/397 | Public statement on sovereign debt in IFRS financial statements | Corporate Disclosure, Corporate Governance, IFRS Supervisory Convergence, Press Releases | Statement | PDF 189.46 KB |
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12/11/2013 | 2013/1642 | Information on shareholder cooperation and acting in concert under the Takeover Bids Directive | Corporate Disclosure, Corporate Governance | Statement | PDF 321.63 KB |
The European Securities and Markets Authority (ESMA) has published a statement on practices governed by the Takeover Bid Directive (TBD), focused on shareholder cooperation issues relating to acting in concert and the appointment of board members. The statement contains a White List of activities that shareholders can cooperate on without the presumption of acting in concert. It also contains information on how shareholders may cooperate in order to secure board member appointments by setting out factors that national authorities may take into account when considering whether shareholders are acting in concert. The statement is in response to a request by the European Commission for clarity on these issues, following its 2012 report on the application of the TBD. It is based on information collected about the TBD’s application and common practices across the European Economic Area (EEA). The statement was prepared by the Takeover Bids Network, a permanent working group, under ESMA’s auspices, that promotes the exchange of information on practices and application of the TBD across EEA. | |||
19/02/2013 | 2013/84 | Feedback statement on the consultation regarding the role of the proxy advisory industry | Corporate Disclosure, Corporate Governance | Statement | PDF 559.31 KB |
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18/12/2015 | 2015/1887 | Follow-up report on the development of the Best Practice Principles for Providers of Shareholder Voting Research and Analysis | Corporate Finance, Corporate Governance | Final Report | PDF 645.64 KB |
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27/02/2020 | ESMA/2014/677-REV | Information on shareholder cooperation and acting in concert under the Takeover Bids Directive | Corporate Disclosure, Corporate Governance | Statement | PDF 368.97 KB |
The European Securities and Markets Authority (ESMA) has published an update to its statement on practices governed by the Takeover Bid Directive (TBD), focused on shareholder cooperation issues relating to acting in concert and the appointment of board members. The update concerns a change to the Croatian creep-in threshold and secondary threshold in Appendix B. The statement contains a White List of activities that shareholders can cooperate on without the presumption of acting in concert. It also contains information on how shareholders may cooperate in order to secure board member appointments by setting out factors that national authorities may take into account when considering whether shareholders are acting in concert.The statement is in response to a request by the European Commission for clarity on these issues, following its 2012 report on the application of the TBD. It is based on information collected about the TBD’s application and common practices across the European Economic Area (EEA). The statement was prepared by the Takeover Bids Network, a permanent working group, under ESMA’s auspices, that promotes the exchange of information on practices and application of the TBD across EEA. |
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05/04/2017 | ESMA31-54-435 | Report on shareholder identification and communication systems | Corporate Finance, Corporate Governance | Report | PDF 1.09 MB |
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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 |
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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 |
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21/01/2021 | ESMA70-151-2924 | Guidelines on written agreements between members of CCP colleges | CCP Directorate | Final Report | PDF 347.58 KB |
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13/07/2020 | ESMA70-151-3186 | 3rd EU-wide CCP Stress Test Report | CCP Directorate, Post Trading | Report | PDF 5.94 MB |
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09/07/2020 | ESMA70-151-3192 | Letter to EC re EMIR 2.2 Delegated Acts on tiering criteria, comparable compliance and fees for third-country CCPs | CCP Directorate, Post Trading | Letter | PDF 94.41 KB |
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24/02/2021 | ESMA70-151-3370 | Final report on GL on Review_Evaluation EU CCP NCAs EMIR Art 21 | CCP Directorate | Final Report | PDF 406.36 KB |
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28/09/2020 | ESMA77-99-1403 | ESMA to recognise three UK CCPS from 1 January 2021 | Brexit, CCP Directorate, Post Trading | Statement | PDF 93.94 KB |