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ESMA LIBRARY

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Date	Ref.	Title	Section	Type	Download	Info	Summary	Related Documents	Translated versions
14/01/2011	2011/5	Call for evidence- criteria for endorsement (Article 21 (2)(a) of the draft amended CRA Regulation)	Credit Rating Agencies	Consultation Paper	PDF 218.02 KB
26/01/2011	2011/35	Call for evidence- Request for technical advice on possible delegated acts concerning the Prospectus Directive (2003/71/EC) as amended by the Directive 2010/73/EU	Prospectus, Corporate Disclosure	Consultation Paper	PDF 3.85 MB
18/03/2011	2011/97	Consultation paper- ESMA Guidelines on the application of the endorsement regime under Article 4 (3) of the Credit Rating Regulation1060/2009	Credit Rating Agencies	Consultation Paper	PDF 273.66 KB
23/03/2011	2011/67	Feedback statement- Consultation Paper on proposed amendments to CESR	Prospectus, Corporate Disclosure	CESR Document	PDF 384.63 KB
14/04/2011	2011/114	Consultation paper- ESMA´s Technical Advice to the Commission on Fees for CRA Supervision	Credit Rating Agencies	Consultation Paper	PDF 95.52 KB
26/05/2011	2011/155	Call for evidence- assessment of compliance of credit rating agencies with Article 8.3 of the Credit Rating Agencies Regulation (1060/2009/EC)	Credit Rating Agencies	Consultation Paper	PDF 69.4 KB
26/05/2011	2011/156	Call for evidence- ratings data periodic reporting requirements for CRAs according to Article 21 (3)(e) of the Draft Amended CRA Regulation	Credit Rating Agencies	Consultation Paper	PDF 88.95 KB
15/06/2011	2011/141	Consultation paper- ESMA’s technical advice on possible delegated acts concerning the Prospectus Directive as amended by the Directive 2010/73/EU	Prospectus, Corporate Disclosure	Consultation Paper	PDF 1.45 MB
19/09/2011	2011/302	Consultation paper- Regulatory technical standards on the information to be provided to ESMA by a credit rating agency in its application for registration and certification and for the assessment of its systemic importance	Credit Rating Agencies	Consultation Paper	PDF 276.02 KB
19/09/2011	2011/303	Consultation paper- Regulatory technical standards on the assessment of compliance of credit rating method-ologies with the requirements set out in Article 8(3) of Regulation (EC) No 1060/2009	Credit Rating Agencies	Consultation Paper	PDF 374.84 KB
19/09/2011	2011/304	Consultation paper- ESMA’s draft Regulatory Technical Standards on the presentation of the information that credit rating agencies shall disclose in accordance with Article 11(2) and point 1 of Part II of Section E of Annex I to Regulation (EC) No 1060/2	Credit Rating Agencies	Consultation Paper	PDF 182.29 KB
19/09/2011	2011/305	Consultation paper- ESMA’s Draft Regulatory Technical Standards on the content and format of ratings data periodic reporting to be submitted from credit rating agencies	Credit Rating Agencies	Consultation Paper	PDF 264 KB
13/12/2011	2011/444	ESMA’s technical advice on possible delegated acts concerning the Prospectus Directive as amended by the Directive 2010/73/EU	Prospectus, Corporate Disclosure	Consultation Paper	PDF 1.15 MB		The purpose of this consultation document from ESMA is to seek comments on the technical advice that ESMA proposes to give to the European Commission on a number of possible delegated acts.
20/06/2012	2012/380	ESMA’s technical advice on possible delegated acts concerning the Prospectus Directive as amended by the Directive 2010/73/EU	Prospectus, Corporate Disclosure	Consultation Paper	PDF 1.49 MB		Responses to this consultation paper should be submitted online by 20 August 2012.
01/10/2012	2012/607	Further amendments to ESMA’s Recommendations for the consistent implementation of the Prospectus Regulation regarding mineral companies	Prospectus, Corporate Disclosure	Consultation Paper	PDF 481.61 KB
20/12/2012	2012/841	Guidelines and recommendations on the scope of the CRA Regulation	Credit Rating Agencies	Consultation Paper	PDF 255.36 KB
15/03/2013	2013/316	Draft Regulatory Technical Standards on specific situations that require the publication of a supplement to the prospectus	Prospectus, Corporate Disclosure	Consultation Paper	PDF 672.89 KB		The Consultation Paper sets out a draft Regulatory Technical Standard concerning situations that require the systematic publication of a supplement to the prospectus which the European Securities and Markets Authority (ESMA) is obliged to develop in accordance with Article 16(3) of the Prospectus Directive. The listed situations are concrete examples of the general obligation in Article 16(1) to mention in a supplement every significant new factor, material mistake or inaccuracy relating to information included in the prospectus which is capable of affecting the assessment of the securities. ESMA believes that the test whether a new factor, mistake or inaccuracy qualifies as a triggering event for producing a supplement is the same test as whether information should be included in the prospectus. As a consequence, significance or materiality should be assessed according to the same qualitative and/or quantitative criteria used when drafting the prospectus. In light of this, ESMA has identified a short list comprising 10 situations, which will always require issuers, offerors or persons asking for admission to trading to draw up and publish a supplement to the prospectus.The CP includes a draft Regulatory Technical Standard setting out the situations that would require a systematic publication of a supplement as well as the minimum content of such a supplement. Responses to the consultation should be submitted online by 28 June 2013.
20/03/2013	2013/318	Feedback Statement on proposed amendments to the ESMA update of the CESR recommendations for the consistent implementation of the Prospectuses Regulation regarding mineral companies	Prospectus, Corporate Disclosure, Transparency	CESR Document	PDF 265.19 KB
10/07/2013	2013/891	Discussion Paper on CRA3 Implementation	Credit Rating Agencies	Consultation Paper	PDF 639.76 KB		The Discussion Paper deals with the implementation of the CRA3 Regulation, which entered into force on 20 June 2013.The Regulation, which complements the existing regulatory framework for credit rating agencies (CRAs), requires ESMA to draft Regulatory Technical Standards (RTS) on:• disclosure requirements on structured finance instruments (SFIs);• the European Rating Platform (ERP); and• the periodic reporting on fees charged by CRAs.ESMA is seeking views from all interested parties by 10 October 2013 in order to assist in its preparation of the draft RTS to be published for consultation in early 2014. ESMA must submit the draft RTS to the European Commission by 21 June 2014.
11/02/2014	2014/150	Consultation Paper on CRA3 Implementation	Credit Rating Agencies	Consultation Paper	PDF 1.92 MB		The consultation paper seeks stakeholders’ views on the draft RTS ESMA is required to adopt under the CRA3 Regulation. The input from stakeholders will help ESMA in drafting the final report. Respondents to this consultation are encouraged to provide the relevant data to support their arguments or proposals. Responding to this paper ESMA invites comments on all matters in this paper. Comments are most helpful if they: contain a clear rationale; include quantitative elements to support any concern; and describe any alternatives ESMA should consider, including alternative drafts. ESMA will consider all comments received by 11 April 2014.All contributions should be submitted online on the Consultation Page. Hearing ESMA is seeking input from users, producers of credit ratings, those involved in the issuance of structured finance instruments (issuers, originators and sponsors), anyone interested in the up-to-date individual rating data or in competition in the credit market.The hearing will be held on Friday, 14 March 2014, from 10.00 to 13.00 CET and is open to all. Please register on the Hearing page.