ESMA - European Securities and Markets Authority

Wednesday 24 May 2017 18:33

The European Securities and Markets Authority (ESMA) has published updated questions and answers documents (Q&A) on the application of the Alternative Investment Fund Managers Directive (AIFMD) and the Undertakings for the Collective Investment in Transferable Securities Directive (UCITS).

The AIFMD Q&As include three new questions and answers on:

  • Reporting to National Competent Authorities (NCAs) on the breakdown between retail and professional investors;
  • Notification of AIFMs on the AIFs to be managed, if domiciled in another Member State;
  • ...

Wednesday 24 May 2017 14:16

The European Securities and Markets Authority (ESMA) has published a Consultation Paper (CP) on the Money Market Funds Regulation (MMFR). The CP contains...

Tuesday 23 May 2017 16:54

Tuesday 23 May 2017 16:50

Tuesday 23 May 2017 16:47

Monday 22 May 2017 13:31

The European Securities and Markets Authority (ESMA) has issued today an opinion regarding the implementation of the Markets in Financial Instruments Directive (MiFID II) and Regulation (MiFIR).

The opinion clarifies the concept of “traded on a trading venue” (TOTV), which is relevant for a number of provisions under MIFID II and MiFIR.

The concept of TOTV is in particular relevant for:

  • pre-trade and post-trade transparency requirements on market operators and
  • ...

Related documents:: 

Monday 22 May 2017 13:27

Thursday 18 May 2017 14:08

The European Securities and Markets Authority (ESMA) has published a Follow-up Report on the actions undertaken by ten National Competent Authorities (NCAs) in addressing deficiencies identified in the 2014 Peer Review on MiFID Conduct of Business rules relating to fair, clear and not misleading information (2014 Review). ESMA welcomes the efforts made by most of the ten NCAs.  

Providing fair, clear and not misleading information to clients is a corner stone for investor protection under MiFID. The 2014 Review concluded that there was overall a high degree of compliance amongst the NCAs with the identified ESMA good practices. However ten of the NCAs were not...

Related documents:: 

Thursday 18 May 2017 14:07

Thursday 18 May 2017 10:15