ESMA LIBRARY

The ESMA Library contains all ESMA documents. Please use the search and filter options to find specific documents.
284
DOCUMENTS

REFINE YOUR SEARCH

Sections

Type of document

Your filters
Vacancy X Final Report X Sustainable finance X CESR Archive X Innovation and Products X
Reset all filters

Pages

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 , , Final Report PDF
371.73 KB
03/05/2019 ESMA34-45-688 Final report on integrating sustainability risks and factors in the UCITS Directive and the AIFMD , Final Report PDF
483.4 KB
15/03/2018 JC-2018-04 Joint Committee Final Report on Big Data Final Report PDF
520.31 KB
21/05/2015 2015/856 Ann1 Investment-based crowdfunding- Insights from regulators in the EU Final Report PDF
319.65 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.
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 Final Report PDF
281.37 KB
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 Final Report PDF
808.67 KB
06/12/2010 10-1424 CESR Annual report according to article 21 of Regulation (EC) 1060/2009 on Credit Rating Agencies Final Report PDF
297.11 KB
29/11/2010 10-123 Executive summary of the Report Prospectus Directive Selective Mapping Final Report PDF
182.64 KB
03/11/2010 09-1218 21st meeting of the Market Participants Consultative Panel Final Report PDF
129.33 KB
03/11/2010 10-1159 23rd meeting of the Market Participants Consultative Panel Final Report PDF
122.85 KB
25/10/2010 10-1151 9th Extract from EECS’s Database of Enforcement Decisions Final Report PDF
136.48 KB
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 Final Report PDF
705.33 KB
13/10/2010 10-1096 Final advice- Standardisation and Organised Platform Trading of OTC Derivatives Final Report PDF
221.46 KB
13/10/2010 10-882 Final Advice- Post-trade Transparency Standards Final Report PDF
210.99 KB
13/10/2010 10-1254 Responses to the Commission’s request for additional information in relation to the MiFID Review Final Report PDF
309.77 KB
13/10/2010 10-975 Feedback statement- CESR Technical Advice to the European Commission in the Context of the MiFID Review: Equity Markets Final Report PDF
397.52 KB
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 Final Report PDF
307.74 KB
13/10/2010 10-1254 Responses to the Commission’s request for additional information in relation to the MiFID Review Final Report PDF
309.77 KB
13/10/2010 10-1040 Final Advice- Client Categorisation Final Report PDF
209.96 KB

Pages