The ESMA Library contains all ESMA documents. Please use the search and filter options to find specific documents.
REFINE YOUR SEARCH
Type of document
MiFID - Investor Protection X MiFID - Secondary Markets X Credit Rating Agencies X Securities and Markets Stakeholder Group X Warnings and publications for investors X Brexit X Vacancies X Consultation Paper XReset all filters
|Date||Ref.||Title||Section||Type||Download||Info||Summary||Related Documents||Translated versions|
|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
|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
|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
|20/07/2011||2011/224||Consultation paper- Guidelines on systems and controls in a highly automated trading environment for trading platforms, investment firms and competent authorities||MiFID - Secondary Markets||Consultation Paper||PDF
|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
|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
|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
|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
|22/12/2011||2011/445||Consultation paper on guidelines on certain aspects of the MiFID suitability requirements||MiFID - Investor Protection||Consultation Paper||PDF
|22/12/2011||2011/446||Consultation paper on guidelines on certain aspects of the MiFID compliance function requirements||MiFID - Investor Protection||Consultation Paper||PDF
|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
|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
|17/09/2012||2012/570||Guidelines on remuneration policies and practices (MiFID)||MiFID - Investor Protection||Consultation Paper||PDF
|20/12/2012||2012/841||Guidelines and recommendations on the scope of the CRA Regulation||Credit Rating Agencies||Consultation Paper||PDF
|10/07/2013||2013/891||Discussion Paper on CRA3 Implementation||Credit Rating Agencies||Consultation Paper||PDF
|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.|
|09/07/2013||2013/918||Draft Regulatory Technical Standards on information requirements for assessment of acquisitions and increases in holdings in investment firms (MiFID)||MiFID - Investor Protection||Consultation Paper||PDF
|Executive summary Reasons for publication Article 10b(4) of the Markets in Financial Instruments Directive (MiFID ) requires Member States to make publicly available the information necessary to carry out the assessment of a proposed acquirer of an investment firm. This information must be provided at the time of the initial notification. This information is aimed at ensuring that competent authorities are provided with adequate and proportionate information in order to assess the acquisition. Article 10a of MiFID, as amended by Article 6(4) of the Omnibus Directive , requires ESMA to draft regulatory technical standards (RTS) to establish an exhaustive list of information referred to in Article 10b(4) of MiFID. ESMA is required to submit the draft RTS to the European Commission (Commission) by 1 January 2014. Contents The proposed RTS set out in this Consultation Paper (CP) are based on the CEBS, CESR and CEIOPS ‘Guidelines for the prudential assessment of acquisitions and increases in holdings in the financial sector required by Directive 2007/44/EC’ (3L3 Guidelines), as well as the report issued by the Commission (in February 2013) to the European Parliament, the Council, the European Economic and Social Committee, and the Committee of Regions on the application of Directive on acquisitions and increase of holdings in the financial sector. Section II explains the background to the proposals; Section III describes the proposals on the exhaustive list of information to be included by proposed acquirers in their notification. Annex I sets out the legislative mandate to develop draft RTS; Annex II sets out the cost-benefit analysis related to the draft RTS; Annex III lists the questions contained in this CP; and Annex IV sets out the full text of the draft RTS. Next steps ESMA will consider the responses it receives to this CP in Q4, and will finalise the draft RTS for submission to the Commission by 1 January 2014 for endorsement.|
|29/09/2014||2014/1188||Consultation paper on draft Implementing Technical Standards on main indices and recognised exchanges under the Capital Requirements Regulation||MiFID - Secondary Markets||Consultation Paper||PDF
|Responding to this paper The European Securities and Markets Authority (ESMA) invites comments on all matters set out in this consultation paper and, in particular, on the specific questions listed in Annex 1. Comments are most helpful if they: · indicate the number of the question to which the comment relates; · respond to the question stated; · contain a clear rationale, including on any related costs and benefits; and · describe any alternatives ESMA should consider. Comments should reach us by November 1st 2014. All contributions should be submitted online at www.esma.europa.eu under the heading ‘Your input/Consultations’. Publication of responses All contributions received will be published following the end of the consultation period, unless otherwise requested. Please clearly and prominently indicate in your submission any part you do not wish to be publically disclosed. A standard confidentiality statement in an email message will not be treated as a request for non-disclosure. Note also that a confidential response may be requested from us in accordance with ESMA’s rules on access to documents. We may consult you if we receive such a request. Any decision we make is reviewable by ESMA’s Board of Appeal and the European Ombudsman. Data protection Information on data protection can be found at www.esma.europa.eu by following the link ‘Data protection’. Who should read this paper? All interested stakeholders are invited to respond to this consultation paper. It will primarily be of interest to credit institutions and investment firms who need to calculate their credit risk exposure under the Capital Requirements Regulation (EU) No 575/2013 of 26 June 2013.|
|29/09/2014||2014/1189||Consultation paper on draft guidelines on the application of C6 and C7 of Annex I of MiFID||MiFID - Secondary Markets||Consultation Paper||PDF
|11/02/2014||2014/150||Consultation Paper on CRA3 Implementation||Credit Rating Agencies||Consultation Paper||PDF
|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.|
|19/12/2014||2014/1570||Consultation paper on MiFID II/MiFIR- part 1||MiFID - Investor Protection, MiFID - Secondary Markets||Consultation Paper||PDF
|Who should read this paper?
This document will be of interest to all stakeholders involved in the securities markets. It is primarily of interest to competent authorities and firms that are subject to MiFID II and MiFIR – in particular, investment firms, credit institutions performing investment services and activities, data reporting services providers and trading venues. This paper is also important for trade associations and industry bodies, institutional and retail investors and their advisers, and consumer groups, as well as any market participant because the MiFID II and MiFIR requirements seek to implement enhanced provisions to ensure investor protection and the transparency and orderly running of financial markets with potential impacts for anyone engaged in the dealing with or processing of financial instruments.
Responding to this paper
The European Securities and Markets Authority (ESMA) invites responses to the specific questions listed in the ESMA MiFID II/MiFIR Consultation Paper.
Please note that ESMA will only be able to consider responses received using this “form to reply” and complying with the procedure below.
a) InstructionsPlease note that, in order to facilitate analysis of the large number of responses expected, ESMA will be using an IT tool that does not allow processing of responses which do not follow the formatting indications described below. Therefore, in responding stakeholders should:i. use the published template and send their responses in Word format (pdf documents will not be considered except for annexes); ii. not remove the tags of type