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| Date | Ref. | Title | Section | Type | Download | Info | Summary | Related Documents | Translated versions |
|---|---|---|---|---|---|---|---|---|---|
| 03/05/2019 | ESMA35-43-1737 | Final report on integrating sustainability risks and factors in the MIFID II | Audit, MiFID - Investor Protection, Sustainable finance | Final Report | PDF 371.73 KB |
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| 03/05/2019 | ESMA34-45-688 | Final report on integrating sustainability risks and factors in the UCITS Directive and the AIFMD | Fund Management, Sustainable finance | Final Report | PDF 483.4 KB |
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| 15/03/2018 | JC-2018-04 | Joint Committee Final Report on Big Data | Innovation and Products | Final Report | PDF 520.31 KB |
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| 21/05/2015 | 2015/856 Ann1 | Investment-based crowdfunding- Insights from regulators in the EU | Innovation and Products | Final Report | PDF 319.65 KB |
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| 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. | |||
| 21/12/2010 | 10-1210 | Feedback statement- CESR Technical Advice to the European Commission in the Context of the MiFID Review-Standardisation and Organised Platform Trading of OTC Derivatives | CESR Archive | Final Report | PDF 281.37 KB |
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| 10/12/2010 | 10-1301 | CESR’s supplementary report related to developments of certain third country GAAPs with regard to their equivalence under Transparency Directive and Prospectus Regulation | CESR Archive | Final Report | PDF 808.67 KB |
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| 06/12/2010 | 10-1424 | CESR Annual report according to article 21 of Regulation (EC) 1060/2009 on Credit Rating Agencies | CESR Archive | Final Report | PDF 297.11 KB |
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| 29/11/2010 | 10-123 | Executive summary of the Report Prospectus Directive Selective Mapping | CESR Archive | Final Report | PDF 182.64 KB |
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| 03/11/2010 | 09-1218 | 21st meeting of the Market Participants Consultative Panel | CESR Archive | Final Report | PDF 129.33 KB |
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| 03/11/2010 | 10-1159 | 23rd meeting of the Market Participants Consultative Panel | CESR Archive | Final Report | PDF 122.85 KB |
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| 25/10/2010 | 10-1151 | 9th Extract from EECS’s Database of Enforcement Decisions | CESR Archive | Final Report | PDF 136.48 KB |
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| 13/10/2010 | MiFID Review Compiled Version 2nd set | CESR second set of Technical Advice to the European Commission in the Context of the MiFID Review and Responses to the European Commission Request for Additional Information | CESR Archive | Final Report | PDF 705.33 KB |
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| 13/10/2010 | 10-1096 | Final advice- Standardisation and Organised Platform Trading of OTC Derivatives | CESR Archive | Final Report | PDF 221.46 KB |
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| 13/10/2010 | 10-882 | Final Advice- Post-trade Transparency Standards | CESR Archive | Final Report | PDF 210.99 KB |
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| 13/10/2010 | 10-1254 | Responses to the Commission’s request for additional information in relation to the MiFID Review | CESR Archive | Final Report | PDF 309.77 KB |
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| 13/10/2010 | 10-975 | Feedback statement- CESR Technical Advice to the European Commission in the Context of the MiFID Review: Equity Markets | CESR Archive | Final Report | PDF 397.52 KB |
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| 13/10/2010 | 10-851 | Feedback statement- CESR Technical Advice to the European Commission in the Context of the MiFID Review: Non-equity markets Transparency | CESR Archive | Final Report | PDF 307.74 KB |
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| 13/10/2010 | 10-1254 | Responses to the Commission’s request for additional information in relation to the MiFID Review | CESR Archive | Final Report | PDF 309.77 KB |
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| 13/10/2010 | 10-1040 | Final Advice- Client Categorisation | CESR Archive | Final Report | PDF 209.96 KB |