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|Date||Ref.||Title||Section||Type||Download||Info||Summary||Related Documents||Translated versions|
|13/05/2015||2015/841||Letter to the European Commission- Early legal review||Corporate Information||Letter||PDF
|13/05/2015||22392237||Letter from the European Commission- Early legal review||Corporate Information||Letter||PDF
|21/05/2015||2015/855||ESMA letter to the Commissioner Hill- ESMA Response to EC Green Paper on CMU||Corporate Information||Letter||PDF
|21/05/2015||2015/856||ESMA response to the Commission Green Paper on Building a Capital Markets Union||Corporate Information||Letter||PDF
|21/05/2015||2015/858||ESMA response to the European Commission consultation on “An EU framework for simple, transparent and standardised securitisation”||Corporate Information||Letter||PDF
|27/10/2015||2015/1605||Public Statement- INC Rating registration FINAL||Credit Rating Agencies||Statement||PDF
|17/11/2015||2015/1513||Letter SM to EC- implementation timeline MiFID MiFIR||MiFID - Investor Protection||Letter||PDF
|01/12/2015||2015/1778||Public Statement- Expert RA registration||Credit Rating Agencies||Statement||PDF
|27/01/2016||ESA/2016/07||The cross-selling of financial products – ESA request to the European Commission||Joint Committee, MiFID - Investor Protection||Letter||PDF
|26/04/2016||2016/648||ESMA response to the Commission Green Paper on retail financial services||MiFID - Investor Protection||Letter||PDF
|02/06/2016||2016/902||MiFID practices for firms selling financial instruments subject to the BRRD resolution regime||MiFID - Investor Protection||Statement||PDF
|13/07/2016||2016/1122||Feedback Statement on the Discussion Paper on the validation and review of CRAs’ methodologies||Credit Rating Agencies||Statement||PDF
|21/07/2016||2016/1159||Public notice- Infrigement by Fitch||Credit Rating Agencies, Press Releases||Statement||PDF
|30/09/2016||2016/1408||ESMA appoints new chairs to Standing Committees||Board of Supervisors, Fund Management, Market Integrity, MiFID - Investor Protection||Statement||PDF
The Board of Supervisors of the European Securities and Markets Authority (ESMA) has appointed the following individuals to serve as chairs of its standing committees:
The standing committees are expert groups drawn from ESMA staff and the national competent authorities for securities markets regulation in the Member States, and are responsible for the development of policy in their respective areas. The appointments are for a period of two years and commence with immediate effect.
|28/10/2016||ESMA/2016/1528||European common enforcement priorities for 2016 financial statements||Corporate Disclosure, Corporate Information, IFRS Supervisory Convergence||Statement||PDF
|30/01/2017||ESMA70-708036281-19||Letter to European Commission- EMIR Review and Sanctioning Powers||Credit Rating Agencies, Post Trading||Letter||PDF
|03/05/2017||ESMA33-9-174||Opening Statement for ECON Scrutiny Hearing on CRA Regulation||Credit Rating Agencies||Statement||PDF
|28/06/2017||ESMA35-36-885||Product Intervention- General Statement||Innovation and Products, MiFID - Investor Protection||Statement||PDF
This statement provides an update on the European Securities and Markets Authority’s (ESMA) work in relation to the sale of contracts for differences (CFDs), binary options and other speculative products to retail investors.
ESMA has been concerned about the provision of speculative products such as CFDs, rolling spot forex and binary options to retail investors for a considerable period of time and has conducted ongoing monitoring and supervisory convergence work in this area. In this context, ESMA has previously published a number of Q&As on CFDs and other speculative products to foster supervisory convergence, having established a CFD Task Force in July 2015, and also issued a further investor warning on the sale of CFDs, binary options and other speculative products in July 2016.
However, ESMA remains concerned that these supervisory convergence tools may not be sufficiently effective to ensure that the risks to consumer protection are sufficiently controlled or reduced. ESMA is therefore discussing the possible use of its product intervention powers under Article 40 of MiFIR to address investor protection risks in relation to CFDs, rolling spot forex and binary options.
ESMA is in the process of discussing the possible use of its product intervention powers under Article 40 of MiFIR, the possible content of any such measures, and how they could be applied. However, ESMA can confirm that the measures being discussed for (i) CFDs and rolling spot forex and (ii) binary options include proposals that take into account a number of measures that have been adopted or publicly consulted on by EU National Competent Authorities. These measures include leverage limits, guaranteed limits on client losses, and / or restrictions on the marketing and distribution of these products.
In accordance with Article 40 of MiFIR, any intervention measures must be approved by the ESMA Board of Supervisors and can only come into effect from 3 January 2018 at the earliest.
 ESMA/2016/1166 Warning about CFDs, binary options and other speculative products published 25 July 2016
|06/07/2017||ESMA71-99-522||ESMA appoints new member to its Management Board||Corporate Information, Management Board||Statement||PDF
|29/09/2017||ESMA71-99-602||ESMA appoints new chairs to Standing Committees||Board of Supervisors, Corporate Disclosure, Corporate Finance, Corporate Information, Innovation and Products, Market Integrity, MiFID - Secondary Markets, Post Trading||Statement||PDF