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Date Ref. Title Section Type Download Info Summary Related Documents Translated versions
27/05/2019 ESMA70-145-1397 TRs IC_templates , Reference XLS
80 KB
07/02/2014 2014/154 SL Tveganja, ki jih prinašajo naložbe v kompleksne produkte , Investor Warning PDF
564.53 KB
04/04/2017 33-9-149 Update of the guidelines on the application of the endorsement regime under Article 4(3) of the Credit Rating Agencies Regulation Consultation Paper PDF
1.08 MB

Endorsement is one of two regimes provided in the CRA Regulation that allow credit ratings issued in a third country to be used for regulatory purposes in the EU – the other being equivalence/certification. Article 21(3) of the CRA Regulation requires ESMA to issue and update guidelines on the application of the endorsement regime specified under Article 4(3) of the same Regulation. This Consultation Paper proposes to update the previously issued 2011 Guidelines on Endorsement.
The proposed update of the 2011 Guidelines on Endorsement is mainly driven by the need to reflect the changes to Articles 6-12 and Annex I introduced by CRA 3, which will enter into force for the purposes of equivalence and endorsement on 1 June 2018. On that basis, ESMA has to update the Methodological Framework on which ESMA relies for assessing a third-country legal and supervisory framework for the purposes of endorsement and equivalence. This Methodological Framework is provided in Annex II of the 2011 Guidelines on Endorsement. By 1 June 2018, ESMA should also have completed a reassessment of all the previously assessed third-country legal and regulatory frameworks against the new requirements based on the updated Methodological Framework (provided in Annex III).


ESMA has taken this opportunity to reassess its approach to endorsement more broadly, based on the supervisory experience acquired since the adoption of the 2011 Guidelines on Endorsement. The proposed changes and clarification of the 2011 Guidelines on Endorsement focus in particular on ESMA’s understanding of points (b), (c), (d), and (e) of Article 4(3) of the CRA Regulation.
Furthermore, some parts of the 2011 Guidelines on Endorsement relate to the establishment of ESMA, the initial registration of CRAs and various transitional arrangements. The proposed updated Guidelines on Endorsement do not include these parts, as they are no longer relevant. Finally, some information in the 2011 Guidelines on Endorsement was not addressed to market participants but referred to ESMA’s internal processes. This information has also been excluded from the proposed updated guidelines on Endorsement, but is, for context, summarised in Section 4 of this Consultation Paper.
 

07/10/2019 ESMA90-1-167 Update on the UK’s withdrawal from the European Union- preparations for a possible no-deal Brexit scenario on 31 October 2019 , , , Statement PDF
179.84 KB
14/06/2013 2224977 Updated mandate on EMIR equivalence Letter PDF
364.5 KB
07/10/2019 ESMA70-155-7658 Use of UK data in ESMA databases and performance of MiFID II calculations in case of a no-deal Brexit on 31 October 2019 , , Statement PDF
155.54 KB
05/02/2019 ESMA 70-155-7026 Use of UK data in ESMA databases in case of a no-deal Brexit , , Statement PDF
281.69 KB
28/09/2012 2012/388 SK Usmernenia o určitých aspektoch požiadaviek MiFID týkajúcich sa vykonávania funkcie dodržiavania (compliance) , Guidelines & Recommendations PDF
375.81 KB
21/08/2012 2012/387 SK Usmernenia o určitých aspektoch požiadaviek vhodnosti podľa MiFID , Guidelines & Recommendations PDF
361.57 KB
03/04/2017 ESMA70-145-63 Validation table for reporting under the revised technical standards Reference XLSX
55.98 KB
22/09/2017 ESMA71-319-53 Verena Ross Keynote AFME Compliance and Legal Conference , Speech PDF
236.94 KB
05/12/2017 ESMA34-45-450 Verena Ross Keynote ICI Global conference Speech PDF
187.78 KB
28/11/2018 ESMA35-43-1376 Verena Ross Keynote speech at DSW-Better Finance International Investors’ Conference , Speech PDF
247.6 KB
17/11/2015 2015/1680 Verena Ross Statement ECON 17 Nov 2015 , Speech PDF
164.34 KB
16/05/2019 ESMA34-45-712 Verena Ross- ICMA 2019 conference speech , , , Speech PDF
134.24 KB
01/10/2013 2013/606 DE Vergütungsgrundsätze und-verfahren (MiFID) , Guidelines & Recommendations PDF
331.96 KB
28/05/2014 2014/576 Voting Procedures for CCP colleges under EMIR Opinion PDF
94.15 KB
25/07/2016 2016/1166 Warning about CFDs, binary options and other speculative products , Investor Warning PDF
149.13 KB
03/10/2018 ESMA70-156-787 WFE_Speech_Steven Maijoor Speech PDF
185.2 KB
07/02/2012 2012/73 What problems do consumers face when seeking financial advice?- speech by Steven Maijoor Speech PDF
43.02 KB
This speech was delivered at the EP/EC event "Financial advice provided by non-profit entities to consumers" on 7 February 2012.