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ESMA LIBRARY

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Date	Ref.	Title	Section	Type	Download	Info	Summary	Related Documents	Translated versions
03/06/2005	05-365	MAD AMPs- Frequently Asked Questions	CESR Archive	Q&A	PDF 55.99 KB
29/05/2007	07-320	Q&A on Best Execution	CESR Archive	Q&A	PDF 578.51 KB
03/11/2009	09-559	Questions and Answers- MiFID complex and non complex financial instruments for the purposes of the Directive’s appropriateness requirements	CESR Archive	Q&A	PDF 405.18 KB
08/03/2010	10-222	FAQ regarding the EU Regulation Credit Rating Agencies: Common positions agreed by CESR Members	CESR Archive	Q&A	PDF 327.78 KB
19/04/2010	10-293	Question and Answers- Understanding the definition of advice under MiFID	CESR Archive	Q&A	PDF 335.78 KB
06/05/2010	10-591	Questions and answers on MiFID: Common positions agreed by CESR Members in the area of the Secondary Markets Standing Committee	CESR Archive	Q&A	PDF 130.84 KB
04/06/2010	10-521	FAQ regarding the EU regulation on Credit Rating Agencies: Common positions agreed by CESR Members	CESR Archive	Q&A	PDF 206.24 KB
09/06/2010	10-333	Technical Advice- The Equivalence between the Japanese Regulatory and Supervisory Framework and the EU Regulatory Regime for Credit Rating Agencies	CESR Archive, Credit Rating Agencies	Technical Advice	PDF 4.59 MB
17/05/2011	2011/144	Final advice- ESMA´s Technical Advice to the Commission on Fees for CRAs	Credit Rating Agencies	Technical Advice	PDF 1.72 MB
04/10/2011	2011/323	Final report- ESMA's technical advice on possible delegated acts concerning the Prospectus Directive as amended by the Directive 2010/73/EU	Prospectus, Corporate Disclosure	Technical Advice	PDF 797.56 KB
16/11/2011	2011/379	Final report- ESMA's technical advice to the European Commission on possible implementing measures of the Alternative Investment Fund Managers Directive	Fund Management	Technical Advice	PDF 3.51 MB
21/02/2012	2012/113	Questions and Answers- A Common Definition of European Money Market Funds- updated February 2012	Fund Management	Q&A	PDF 83.79 KB		The purpose of this document is to promote common supervisory approaches and practices in the application of the guidelines on a Common Definition of European Money Market Funds developed by CESR by providing responses to questions posed by the general public and competent authorities. The content of this document is aimed at competent authorities to ensure that in their supervisory activities their actions are converging along the lines of the responses adopted by ESMA. However, the answers are also intended to help management companies by providing clarity as to the content of CESR’s guidelines on a Common Definition of European Money Market Funds, rather than creating an extra layer of requirements.
01/03/2012	2012/137	ESMA’s technical advice on possible delegated acts concerning the Prospectus Directive as amended by the Directive 2010/73/EU	Prospectus, Corporate Disclosure	Technical Advice	PDF 1.32 MB		ESMA publishes today the second part of its final advice (ESMA/2012/137) on possible delegated acts for the Prospectus Directive (PD). The advice was submitted to the Commission on 29 February 2012. In its advice, ESMA proposes how to use a prospectus in a retail cascade and provides input on how to review the provisions of the Prospectus Regulation concerning tax information, indices, auditor’s report on profit forecasts and estimates and audited historical financial information. Today’s advice follows a public consultation started on 13 December 2011. Overall, the technical advice aims to achieve a high level of investor protection and to increase across Europe the legal clarity and efficiency of the prospectus regime. Investment prospectuses as such are aimed to provide investors with easily accessible information on financial products so as to foster in-formed decision-making.
18/04/2012	2012/259	Technical advice on CRA regulatory equivalence- US, Canada and Australia	Credit Rating Agencies	Technical Advice	PDF 697.78 KB		On 12 June 2009 the European Commission requested CESR, now ESMA, to provide its technical advice on the equivalence between the legal and supervisory framework of Japan, The United States, and Canada with the EU regulatory regime for credit rating agencies. (Regulation (EC) No. 1060/2009 of the European Parliament and the Council on credit rating agencies ). On 17 November 2009, the Commission also requested CESR to provide its technical advice on Australia. On 28 September 2010, the European Commission published an equivalence decision on Japan. With regard to the compliance with the EU requirements on endorsement, ESMA had already indicated that it considers the legal and regulatory regime for CRAs supervision of the following countries as “as stringent as” the EU requirements: - On 22 December 2011, Japan and Australia; - On 15 March 2012, US, Canada, Hong Kong and Singapore. This report sets out ESMA’s advice to the European Commission in respect of the equivalence between the US (Part I), Canada (Part II) and Australia (Part III) respective legal and supervisory frameworks and the EU regulatory regime for credit rating agencies.
20/04/2012	2012/236	ESMA's Technical Advice on possible delegated acts of the short-selling and certain aspects of CDS	Short Selling, Market Integrity	Technical Advice	PDF 509.39 KB
22/06/2012	2012/382	MiFID Q&A in the area of investor protection and intermediaries	MiFID - Investor Protection	Q&A	PDF 319.78 KB
09/01/2013	2012/864	ESMA’s technical advice on possible delegated acts concerning the Prospectus Directive as amended by the Directive 2010/73/EU	Prospectus, Corporate Disclosure	Technical Advice	PDF 1.23 MB
30/01/2013	2013/159	Q&A on Implementation of the Regulation on short selling and certain aspects of credit default swaps (2nd update)	Short Selling	Q&A	PDF 873.32 KB
04/04/2013	2013/302	ESMA’s Technical Advice to the Commission on Fees for Trade Repositories	Post Trading	Technical Advice	PDF 1.08 MB		On 14 January 2013 ESMA received a formal request from the European Commission (the Commission) to provide technical advice to assist the Commission in formulating a Regulation on fees for Trade Repositories (TRs) by a delegated act. In order to deliver its advice to the Commission, ESMA consulted market participants regarding the proposed fee structures for registration, supervision and recognition of TRs. Respondents to this consultation were encouraged to provide the relevant data to support their arguments or proposals.Given the time period established for providing this advice, ESMA was compelled to require responses to the consultation within a short timeframe. In total, ESMA received 8 responses to the consultation. Non-confidential responses can be found on ESMA’s website. ESMA would like to thank respondents for providing input given the short period ESMA was able to consult for. This document sets out a summary of the responses received by ESMA regarding the fee structure for registration, supervision and recognition of TRs in the EU and includes ESMA’s final technical advice to the Commission on the future Regulation on fees for TRs which will be adopted by the Commission in the form of a delegated act. It is worth noting that all major ESMA proposals were supported by respondents and where comments were received ESMA has considered how best to adjust the original proposals. Next steps ESMA will follow-up on this work with the Commission as they work on the adoption of the Commission delegated regulation on fees for TRs.
31/05/2013	2013/626	Technical advice on CRA regulatory equivalence on Argentina, Brazil, Mexico, Hong Kong and Singapore	Credit Rating Agencies	Technical Advice	PDF 840.48 KB		The European Securities and Markets Authority (ESMA) has provided advice to the European Commission in respect of the equivalence between the EU regulatory regime for credit rating agencies and the respective legal and supervisory frameworks of Argentina, Brazil, Mexico, Hong Kong and Singapore. This is in response to the European Commission’s request for technical advice from ESMA on the equivalence of these jurisdictions legal and supervisory frameworks with the EU regulatory regime for credit rating agencies as set out in Regulation (EC) No. 1060/2009 of the European Parliament and the Council on credit rating agencies. The European Commission has already published equivalence decisions on US, Canada and Australia, on 9 October 2012, and on Japan, 28 October 2010. Regarding compliance with the EU requirements on endorsement, ESMA has already indicated that it considers the legal and regulatory regime for CRAs supervision of the following countries as “as stringent as” the EU requirements: 15 March 2012, Hong Kong and Singapore; 18 April 2012, Argentina and Mexico; 27 April 2012, Brazil.