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|Date||Ref.||Title||Section||Type||Download||Info||Summary||Related Documents||Translated versions|
|16/01/2015||2015 ESMA SFC MoU||MoU between ESMA and SFC regarding CCPs||International cooperation||Reference||PDF
|14/09/2015||2015/1291||Risk Dashboard No. 3, 2105||Risk Analysis & Economics - Markets Infrastructure Investors||Reference||PDF
|14/09/2015||2015/1379||ESMA raises its market risk indicator to highest level||Risk Analysis & Economics - Markets Infrastructure Investors, Press Releases||Press Release||PDF
|17/11/2015||2015/1514||Note on MiFID-MiFIR implementation delays||MiFID - Investor Protection, MiFID - Secondary Markets||Reference||PDF
|22/12/2015||2015/1872||Press Release Cross Selling Guidelines||MiFID - Investor Protection||Press Release||PDF
The European Securities and Markets Authority (ESMA) has published its Guidelines on Cross-Selling Practices under MiFID II (guidelines) to ensure investors are treated fairly when an investment firm offers two or more financial products or services as part of a package.
The guidelines include principles on:
The European Supervisory Authorities (ESAs) – EBA, EIOPA and ESMA - initially intended to issue joint guidelines covering all cross-selling practices taking place in the banking, insurance and securities sectors given that cross-selling is often cross-sectoral, and had consulted the stakeholders previously on this basis.
However, in light of legal concerns, the ESAs decided not to issue joint guidelines on cross-selling practices but agreed that ESMA should issue ESMA-only guidelines under MiFID II in order to meet its 3 January 2016 deadline.
While ESMA’s guidelines take into account the results of the ESAs’ joint consultation, the final report focuses on the feedback regarding cross-selling practices under MIFID II. Further, the guidelines are addressed to national regulators supervising the firms which provide MiFID services, when they engage in cross-selling practices.
The ESAs intend to inform the European Commission about the issues encountered and raise the possibility of legislative change to provide a foundation for future joint guidelines.
The guidelines will apply from 3 January 2017.
|16/12/2015||2015/1882||Risk Dashboard No. 4, 2015||Risk Analysis & Economics - Markets Infrastructure Investors||Reference||PDF
|25/02/2015||2015/495||ESMA publishes review on best execution supervisory practices under MiFID||MiFID - Investor Protection, Press Releases, Supervisory convergence||Press Release||PDF
|The European Securities and Markets Authority (ESMA) has conducted a peer review on how national regulators (national competent authorities or NCAs) supervise and enforce the MiFID provisions relating to investment firms’ obligation to provide best execution, or obtain the best possible result, for their clients when executing their orders. ESMA found that the level of implementation of best execution provisions, as well as the level of convergence of supervisory practices by NCAs, is relatively low. In order to address this situation a number of improvements were identified, including: . prioritisation of best execution as a key conduct of business supervisory issue; . the allocation of sufficient resources to best execution supervision; and . a more proactive supervisory approach to monitoring compliance with best execution requirements, both desk-based and onsite inspections. The review was conducted on the basis of information provided by 29 NCAs and complemented by on-site visits to the NCAs of France, Liechtenstein, Luxembourg, Malta, Poland and Spain.|
|11/03/2015||2015/562||Press release- ESMA sees continued tense securities market conditions||Risk Analysis & Economics - Markets Infrastructure Investors, Press Releases||Press Release||PDF
|23/03/2015||2015/615||Call for interest IPISC-CWG renewal||MiFID - Investor Protection||Reference||PDF
|ESMA is today launching the process to renew the composition of the IPISC CWG. ESMA is therefore calling for expressions of interest from stakeholders. Application procedure, closing date Relevant stakeholders meeting the required selection criteria and wishing to apply for a position on the CWG are invited to submit, in English:. A completed application form (see separate document), and. A detailed curriculum vitae (CV), preferably in the EU CV format. It is optional for applicants to attach a motivation letter (2 pages maximum).. Unclear or incomplete applications will not be considered.. Applications must be submitted by email no later than 23 April 2015 to the following email addresses: IPISC.CWG.firstname.lastname@example.org|
|16/11/2016||2016-1573||ESMA response to the Commission Consultation on a potential EU personal pension framework||MiFID - Investor Protection||Reference||PDF
|08/11/2016||2016/1053||Call for expressions of interest Consultative Working Group for ESMA’s Financial Innovation Standing Committee (FISC)||Innovation and Products, Risk Analysis & Economics - Markets Infrastructure Investors||Reference||PDF
|08/11/2016||2016/1053 FORM||Application Form for FISC CWG||Innovation and Products, Risk Analysis & Economics - Markets Infrastructure Investors||Reference||DOCX
|13/07/2016||2016/1096||Risk Dashboard up-date 13 July 2016||Risk Analysis & Economics - Markets Infrastructure Investors||Reference||PDF
|25/07/2016||2016/1167||Press release- ESMA issues warning on sale of speculative products to retail investors||MiFID - Investor Protection||Press Release||PDF
|30/08/2016||2016/1236||Risk Dashboard No.3, 2016||Risk Analysis & Economics - Markets Infrastructure Investors||Reference||PDF
|30/08/2016||2016/1283||ESMA sees risk outlook deteriorate for EU securities markets||Press Releases, Risk Analysis & Economics - Markets Infrastructure Investors||Press Release||PDF
|04/10/2016||2016/1432||Press release- ESMA reports on shadow banking, leverage and pro-cyclicality||Post Trading, Press Releases, Risk Analysis & Economics - Markets Infrastructure Investors||Press Release||PDF
|05/10/2016||2016/1438||ESMA consults on product governance guidelines to safeguard investors||MiFID - Investor Protection, Press Releases||Press Release||PDF
|31/10/2016||2016/1529 ANNEX||Annex I- Template for the assessment of collective suitability||Guidelines and Technical standards, MiFID - Investor Protection||Reference||XLSX
|11/02/2016||2016/209||ToR CEMA||Risk Analysis & Economics - Markets Infrastructure Investors||Reference||PDF