ESMA Newsletter - Nº1
In this first edition of ESMA's new newsletter we catch up on the full list of publications and announcements following ESMA's Board of Supervisors meetings on 18 December 2018 and 30 January 2019.
We also look forward to the month ahead with details of speaking appearances by ESMA staff, consultation deadlines and key dates for your agenda.
Hearing on measures to promote sustainability in EU capital markets
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ESMA will publish a full video of the hearing in the days following the event. |
ESMA consultations closing this month
- The full list of open consulations and reply forms can be found on the ESMA consulations page
Key ESMA dates for the month ahead
- Dealine for corporate reporting experts to apply for ESMA stakeholder panel - 8 February
- Publication of latest Double Volume Cap (DVC) Data - February 6
Missed any ESMA publications? Check out the full list of news items from our press office.
Publication period: 18 December 2018 - 31 January 2019
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31 January ESMA PUBLISHES OPINION AND Q&A ON DISCLOSURE TECHNICAL STANDARDS UNDER THE SECURITISATION REGULATION |
ESMA has published today an Opinion containing a revised set of draft regulatory and implementing technical standards (disclosure RTS/ITS) under the Securitisation Regulation |
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31 January NOTICE OF ESMA’S PRODUCT INTERVENTION RENEWAL DECISION IN RELATION TO CONTRACTS FOR DIFFERENCES |
On 23 January 2019, ESMA adopted a Decision under Article 40 of Regulation (EU) No 600/20141 to restrict the marketing, distribution or sale of contracts for differences (CFDs) to retail clients. |
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31 January ESMA Q&AS CLARIFY PROSPECTUS AND TRANSPARENCY RULES IN CASE OF NO-DEAL BREXIT |
ESMA) has issued three Questions and Answers (Q&As) regarding the Prospectus Directive (PD) and the Transparency Directive (TD). |
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30 January ESMA UPDATES PLAN FOR SYSTEMATIC INTERNALISER REGIME CALCULATIONS AND PUBLICATIONS |
ESMA has published an update of its action plan (within its updated Q&As on MiFID II and MiFIR transparency topics) for the systematic internaliser (SI) regime calculations ahead of the next schedule publication on 1 February 2019. |
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30 January |
ESMA has updated its Questions and Answers regarding the implementation of the Central Securities Depository Regulation (CSDR). |
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30 January |
ESMA has issued an update of its Q&As on the European Benchmark Regulation (BMR). |
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30 January ESMA APPOINTS NEW CHAIR OF THE INVESTMENT MANAGEMENT STANDING COMMITTEE |
The Board of Supervisors of the ESMA has appointed the following individual to serve as chair of its Investment Management Standing Committee (IMSC): Gabriela Figueiredo Dias, Chair of the Comissão do Mercado de Valores Mobiliários (CMVM) of Portugal. |
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23 January |
ESMA has published six opinions on position limits regarding commodity derivatives under the Markets in Financial Instruments Directive and Regulation (MiFID II/MIFIR) |
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22 January ESMA UPDATES COMMODITY DERIVATIVES TRANSITIONAL TRANSPARENCY CALCULATIONS FOR MIFID II/ MIFIR |
ESMA has published an updated version of the MiFID II/MiFIR transitional transparency calculations (TTC). |
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17 January ESMA PUBLISHES RESPONSES TO CALL FOR EVIDENCE ON PERIODIC AUCTIONS FOR EQUITY INSTRUMENTS |
ESMA has published the responses received to its Call for evidence on periodic auctions for equity instruments. |
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16 January |
ESMA has published today its annual report on the application of accepted market practices (AMP) in accordance with the Market Abuse Regulation (MAR). |
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15 January |
European Supervisory Authorities (ESAs) approved on 10 January 2019 the content of the Multilateral Agreement on the practical modalities for exchange of information between the ECB and all competent authorities (CAs) responsible for supervising compliance of credit and financial institutions with anti-money laundering and countering the financing of terrorism (AML/CFT) obligations under the fourth Anti-Money Laundering Directive (AMLD4). |
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10 January ESMA REPORT FINDS INVESTMENT PRODUCT PERFORMANCE HIGHLY IMPACTED BY CHARGES |
ESMA published its first Annual Statistical Report (Report) on the cost and performance of retail investment products |
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9 January CRYPTO-ASSETS NEED COMMON EU-WIDE APPROACH TO ENSURE INVESTOR PROTECTION |
ESMA published its Advice to the European Union (EU) Institutions – Commission, Council and Parliament – on initial coin offerings and crypto-assets. |
9 JanuaryESMA IS SEEKING CORPORATE REPORTING EXPERTS FOR STAKEHOLDER PANEL |
ESMA has issued today a call for candidates in order to renew the composition of its Consultative Working Group (CWG) which advises ESMA’s Corporate Reporting Standing Committee (CRSC). |
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9 January |
ESMA has updated its public register with the latest set of double volume cap (DVC) data under the Markets in Financial Instruments Directive (MiFID II). |
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8 January ESMA PROVIDES STANDARDS ON SUPERVISORY COOPERATION UNDER THE SECURITISATION REGULATION |
ESMA has issued its final Regulatory Technical Standards (RTS) regarding cooperation between competent authorities (CAs) and the European Supervisory Authorities (ESAs) under Regulation (EU) 2017/2402 (the Securitisation Regulation). |
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7 January ESAS PUBLISH JOINT REPORT ON REGULATORY SANDBOXES AND INNOVATION HUBS |
The European Supervisory Authorities (ESAs) published a joint report on innovation facilitators (regulatory sandboxes and innovation hubs). |
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4 January ESMA UPDATES ITS Q&AS ON MIFID II AND MIFIR COMMODITY DERIVATIVES TOPICS |
ESMA has updated its Q&As on MiFID II and MiFIR commodity derivatives topics. |
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4 January ESMA UPDATES ITS Q&AS ON MIFID II AND MIFIR TRANSPARENCY TOPICS |
ESMA has updated its Q&As regarding transparency issues under the Market in Financial Instruments Directive (MiFID II) and Regulation (MiFIR). |
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21 December NOTICE OF ESMA’S PRODUCT INTERVENTION RENEWAL DECISION IN RELATION TO BINARY OPTIONS |
ESMA adopted a Decision under Article 40 of Regulation (EU) No 600/2014 to renew the prohibition on the marketing, distribution or sale of binary options to retail clients. |
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21 December ESMA AMENDS GUIDELINES ON THE APPLICATION OF C6 AND C7 UNDER MIFIDII |
ESMA has published amended guidelines on the application of C6 and C7 of Annex 1 of MiFID II. |
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20 December |
ESMA has provided an update on its assessment of third-country trading venues (TCTVs) for the purpose of post-trade transparency and position limits under MiFID II/MIFIR. |
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20 December |
ESMA has published its final report on guidelines on non-significant benchmarks under the Benchmarks Regulation (BMR). |
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20 December ESMA WITHDRAWS THE REGISTRATIONS OF S&P ITALY AND S&P FRANCE FOLLOWING MERGER |
ESMA has withdrawn the credit rating agency (CRA) registrations of S&P Global Ratings France and S&P Global Ratings Italy following the merger with S&P Global Ratings Europe, based in Ireland. |
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20 December |
ESMA has published two consultation papers seeking stakeholders’ views on settlement fails reporting and standardised procedures and messaging protocols |
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19 December ESMA TO RENEW RESTRICTIONS ON CFDS FOR A FURTHER THREE MONTHS FROM 1 FEBRUARY 2019 |
ESMA has agreed to renew the restriction on the marketing, distribution or sale of contracts for differences (CFDs) to retail clients, in effect since 1 August, from 1 February 2019 for a further three-month period. |
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19 December ESMA IS READY TO REVIEW UK CCPS’ AND CSDS’ RECOGNITION APPLICATIONS FOR A NO-DEAL BREXIT SCENARIO |
ESMA has published a Public Statement to clarify its plans for the recognition of Central Counterparties established in the United Kingdom (UK CCPs) as Third Country CCPs (TC-CCPs) under Regulation (EU) No 648/2012 (EMIR) for a no-deal Brexit scenario. |
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19 December ESMA TELLS FIRMS TO PROVIDE CLIENTS WITH INFORMATION ON THE IMPLICATIONS OF BREXIT |
ESMA issued a statement to remind firms, providing investment services, of their obligations to provide clients with information on the implications of the UK's withdrawal from the EU on their relationship with clients and on the impact of Brexit-related measures that a firm has taken or intends to take. |
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19 December ESMA CONSULTS ON MEASURES TO PROMOTE SUSTAINABILITY IN EU CAPITAL MARKETS |
ESMA has launched three public consultations on sustainable finance initiatives to support the European Commission’s (EC) Sustainability Action Plan in the areas of securities trading, investment funds and credit rating agencies (CRAs). |
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18 December |
ESMA has updated its Questions and Answers on the Benchmarks Regulation (BMR). |
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18 December |
ESMA has updated its Questions and Answers on the Credit Rating Agencies Regulation (CRAR). |
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18 December |
The European Supervisory Authorities (ESAs) published two joint draft Regulatory Technical Standards (RTS) to amend the RTS on the clearing obligation and risk mitigation techniques for non-cleared OTC derivatives. |
- Steven Maijoor speaks to Bloomberg about the first year of MiFIDII ESMA Chair, Steven Maijoor spoke to Bloomberg TV about ESMA's work in 2018, the first year of MiFIDII and on clearing post-Brexit. The full interview is available here
- Speaking appearances by ESMA staff this month: The full list of ESMA's planned speaking appearances for this month can be found here
New and updated webpages
- Brexit webpage launched: All of ESMA's publications on Brexit can be found in one location with details of ESMA's role.
- Securitisation webpage updated.
New ESEF Video Tutorial : coming soon
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ESMA will publish its second video tutorial on the European Single Electronic Format (ESEF) this month.
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| In this edition ESMA's Anna Sciortino will give issuers a broad overview of the process of preparation of an inline XBRL report prepared following the ESEF requirements. | Missed the first tutorial on key requirements of the ESEF? Catch up here. |
Vacancy Notices
| Traineeship notice – Transversal profile (F/M) | 31/12/2019 |
| Traineeship notice – Legal profile (F/M) | 31/12/2019 |
| Traineeship notice - Financial Markets Profile (F/M) | 31/12/2019 |
All open vacancies can be found on ESMA's recruitment portal