ESMA LIBRARY

The ESMA Library contains all ESMA documents. Please use the search and filter options to find specific documents.
163
DOCUMENTS

REFINE YOUR SEARCH

Sections

Type of document

Your filters
MiFID - Investor Protection X Corporate Finance X Securities and Markets Stakeholder Group X Speeches X Fund Management X Warnings and publications for investors X Innovation and Products X Opinion X Investor Warning X
Reset all filters
Date Ref. Title Section Type Download Info Summary Related Documents Translated versions
18/04/2013 2013/267 IT Contratti per differenza (CFD) Investor Warning PDF
416.5 KB
Contratti per differenza (CFD)
18/04/2013 2013/267 LT Sandoriai dėl kainų skirtumo (CFD) Investor Warning PDF
318.48 KB
Sandoriai dėl kainų skirtumo (CFD)
18/04/2013 2013/267 LV Cenu starpības līgumiem (CFD) Investor Warning PDF
456.82 KB
Cenu starpības līgumiem (CFD)
18/04/2013 2013/267 MT Kuntratti għad-differenza (CFDs) Investor Warning PDF
285.64 KB
Kuntratti għad-differenza (CFDs)
18/04/2013 2013/267 NL Contracts for difference (CFDs) Investor Warning PDF
441.01 KB
Contracts for difference (CFDs)
18/04/2013 2013/267 PL Kontrakty różnic kursowych (CFD) Investor Warning PDF
408.86 KB
Kontrakty różnic kursowych (CFD)
18/04/2013 2013/267 PT Contratos diferenciais (CFD) Investor Warning PDF
315.37 KB
Contratos diferenciais (CFD)
18/04/2013 2013/267 RO Contracte pentru diferentă (CFD-uri) Investor Warning PDF
347.86 KB
Contracte pentru diferentă (CFD-uri)
18/04/2013 2013/267 SK Zmluvy o rozdiele (CFD) Investor Warning PDF
349.04 KB
Zmluvy o rozdiele (CFD)
18/04/2013 2013/267 SL Finančne pogodbe na razliko (CFD) Investor Warning PDF
417.91 KB
Finančne pogodbe na razliko (CFD)
18/04/2013 2013/267 SV CFD-Kontrakt Investor Warning PDF
289.47 KB
CFD-Kontrakt
18/12/2014 2014/1378 Opinion- Investment-based crowdfunding Opinion PDF
460.92 KB
Crowdfunding is a means of raising finance for projects from ‘the crowd’ often by means of an internet-based platform through which project owners ‘pitch’ their idea to potential backers, who are typically not professional investors.  It takes many forms, not all of which involve the potential for a financial return.  ESMA’s focus is on crowdfunding which involves investment, as distinct from donation, non-monetary reward or loan agreement.  Crowdfunding is relatively young and business models are evolving. EU financial services rules were not designed with the industry in mind. Within investment-based crowdfunding a range of different operational structures are used so it is not straightforward to map crowdfunding platforms’ activities to those regulated under EU legislation. Member States and NCAs have been working out how to treat crowdfunding, with some dealing with issues case-by-case, some seeking to clarify how crowdfunding fits into existing rules and others introducing specific requirements.To assist NCAs and market participants, and to promote regulatory and supervisory convergence, ESMA has assessed typical investment-based crowdfunding business models and how they could evolve, risks typically involved for project owners, investors and the platforms themselves and the likely components of an appropriate regulatory regime. ESMA then prepared a detailed analysis of how the typical business models map across to the existing EU legislation, set out in this document.
07/02/2014 2014/146 MiFID practices for firms selling complex products , Opinion PDF
122.37 KB
07/02/2014 2014/154 Risks of investing in complex products , Investor Warning PDF
404.08 KB
07/02/2014 2014/154 BG Рискове от инвестиране в комплексни продукти , Investor Warning PDF
287.57 KB
07/02/2014 2014/154 CS Rizika investování do složitých produktů , Investor Warning PDF
501.58 KB
07/02/2014 2014/154 DA Risici ved investering i komplekse produkter , Investor Warning PDF
460.24 KB
07/02/2014 2014/154 DE Risiken bei Anlagen in komplexe Produkte , Investor Warning PDF
301.1 KB
07/02/2014 2014/154 EL Οι κίνδυνοι των επενδύσεων σε σύνθετα προϊόντα , Investor Warning PDF
407.92 KB
07/02/2014 2014/154 ES Riesgos de las inversiones en productos complejos , Investor Warning PDF
331.22 KB