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ESMA Newsletter - Nº5

07 June 2019

Welcome to the fifth edition of ESMA’s newsletter. This month we catch up on publications following the May Board of Supervisors meeting and launch of important consultations on EMIR 2.2. We also have two important dates in relation to investor protection with the ESA's Consumer Protection Day in Dublin and a call for experts for our investor protection working group.  

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Our newsletter also brings you up to date on all speaking appearances and consulation deadlines. 

Month ahead

Interested in investor protection? 

  • ESMA has launched a call for investor protection experts to renew the composition of its Consultative Working Group (CWG) which advises its Investor Protection and Intermediaries Standing Committee (IPISC). The deadline to apply is 4 July.  

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Joint ESAs Consumer Protection Day 2019 - Dublin 

  • The ESA's Consumer Protection Day will take place in Dublin on 28 June. 
  • Stay tuned to ESMA's website and social media for more information. 
  • Follow updates via #CPD19 

ESAs Day 2019

ESMA adds new consultations 

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Public holidays in June

  • ESMA will be closed for a public holiday on Monday 10 June. 

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Speakers

Keynote speeches 

Date ESMA Speaker  Event  Read more
16 May Verena ROSS Keynote to ICMA Annual General Meeting and Conference – Stockholm  Read the full speech 
13 May Evert VAN WALSUM  Swedish Fund Association's Annual Conference - Stockholm  Read the full speech

Speaking appearances by ESMA staff this month 

  • The full list of ESMA's planned speaking appearances for June can be found here

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@ESMA

ESMA welcomes EBA to Paris

  • ESMA would like to welcome our new neighbours to Paris. The European Banking Authority (EBA) officially opened the doors to its new offices in La Défense on June 3. A warm welcome to the city. 

Vacancy Notices

Open vacancies & deadlines 

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 

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press office

Missed any ESMA publications? Check out the full list of news items from our press office. 

  • Publication period: 1 - 31 May 2019  

29 May

ESMA ADJUSTS APPLICATION OF THE TRADING OBLIGATION FOR SHARES IN A NO-DEAL BREXIT

ESMA has further considered the impact of the United Kingdom (UK) leaving the European Union (EU) without a withdrawal agreement (no-deal Brexit) on the trading obligation for shares (STO) under Article 23 of MiFIR and in the absence of an equivalence decision in respect of the UK by the European Commission (EC).

29 May

ESMA UPDATES Q&AS ON MIFID II AND MIFIR INVESTOR PROTECTION AND INTERMEDIARIES

ESMA has today updated its Questions and Answers on the implementation of investor protection topics under the Market in Financial Instruments Directive and Regulation (MiFID II/ MiFIR). The updated Q&As provides new answers on best execution and information on costs and charges.

28 May

ESMA ISSUES FIVE POSITIVE OPINIONS ON NATIONAL PRODUCT INTERVENTION MEASURES

ESMA has today issued five positive opinions on product intervention measures taken by the National Competent Authorities (NCAs) of the Finland, Lithuania and Spain. ESMA’s opinion finds that the proposed measures are justified and proportionate and that it is necessary for NCAs of other Member States to take product intervention measures that are at least as stringent as ESMA’s measures. 

28 May

ESMA UPDATES EMIR Q&A

ESMA has today updated its Questions and Answers (Q&As) on the implementation of the European Markets Infrastructure Regulation (EMIR). The updated Q&As provide clarifications on the new framework introduced by Regulation 2019/834 amending EMIR (so-called EMIR Refit) and amends an existing Q&A on novation.

28 May 

ESMA CONSULTS ON TIERING, COMPARABLE COMPLIANCE AND FEES UNDER EMIR 2.2

ESMA has today published three consultation papers under EMIR 2.2 on tiering, comparable compliance and fees. EMIR 2.2 amends EMIR’s regulatory and supervisory regime for central counterparties (CCPs).

27 May 

ESMA REGISTERS INBONIS SA AS CREDIT RATING AGENCY

ESMA, the EU’s direct supervisor of credit rating agencies (CRAs), has registered today Inbonis SA as a CRA under the CRA Regulation.

27 May 

ESMA CONSULTS ON FUTURE REPORTING GUIDELINES UNDER SFTR

ESMA has published today guidelines setting out the information that should be periodically submitted by trade repositories (TRs) to ESMA. 

27 May 

ESMA UPDATES ITS QUESTIONS AND ANSWERS ON THE SECURITISATION REGULATION

ESMA has today updated its Questions and Answers (Q&As) on the Securitisation Regulation (Regulation 2017/2402).

27 May  

ESMA UPDATES ITS OPINION ON ANCILLARY ACTIVITY CALCULATIONS 

ESMA has today published an updated opinion on ancillary activity calculations. This updated opinion provides the estimation of the market size of commodity derivatives and emission allowances for the year 2018. ESMA has prepared those estimations based on data collected from trading venues as well as data reported to trade repositories under EMIR.

24 May 

ESMA LAUNCHES CALL FOR EVIDENCE ON POSITION LIMITS IN COMMODITY DERIVATIVES 

ESMA has today launched a call for evidence on position limits and position management in commodity derivatives. ESMA launches this call for evidence in the context of the reviews it must perform under MiFID II, together with the European Commission (EC), and is seeking stakeholders’ input to develop an informed view of the issues to be considered and addressed.

24 May 

ESMA CONSULTS ON INDICES AND RECOGNISED EXCHANGES UNDER THE CAPITAL REQUIREMENTS REGULATION

ESMA has today published a Consultation Paper proposing amendments to the main indices and recognised exchanges under the Capital Requirements Regulation (CRR). ESMA considers it necessary to introduce amendments to the Implementing Technical Standard (ITS) to ensure that the most updated list of main indices and recognised exchanges is incorporated into the legislative text.

23 May 

ESMA UPDATES THE CSDR Q&AS

ESMA has today updated its Questions and Answers (Q&As) regarding the implementation of the Central Securities Depository Regulation (CSDR).

23 May 

ESMA UPDATES ITS Q&AS REGARDING THE BENCHMARK REGULATION

ESMA has issued today an update of its Q&As on the European Benchmarks Regulation (BMR).

23 May 

ESMA APPOINTS CHAIR FOR ITS NEW COORDINATION NETWORK ON SUSTAINABILITY

The Board of Supervisors of the European Securities and Markets Authority (ESMA) has today established a Coordination Network on Sustainability (CNS), and appointed Ana María Martínez-Pina Garcia, Vice-Chair of the Comisión Nacional del Mercado de Valores (CNMV, Spain) to chair the CNS for two years with immediate effect. 

22 May 

ESAS LAUNCH CONSULTATION ON TECHNICAL STANDARDS ON THE REPORTING OF INTRA-GROUP TRANSACTIONS AND RISK CONCENTRATION FOR FINANCIAL CONGLOMERATES

The three European Supervisory Authorities, the European Banking Authority (EBA), the European Insurance and Occupational Pensions Authority (EIOPA) and the European Securities Markets Supervisory Authority (ESMA) launched today a consultation on draft Implementing Technical Standards (ITSs) on the reporting of intra-group transactions and risk concentration for Financial Conglomerates. 

21 May 

ESAS PUBLISH AMENDED TECHNICAL STANDARDS ON THE MAPPING OF ECAIS UNDER THE CAPITAL REQUIREMENTS REGULATION

The Joint Committee of the three European Supervisory Authorities (EBA, EIOPA and ESMA - ESAs) published a second amendment to the Implementing Technical Standards (ITS) on the mapping of credit assessments of External Credit Assessment Institutions (ECAIs) for credit risk under the Capital Requirements Regulation (CRR). 

20 May 

ESMA PUBLISHES TRANSLATIONS FOR GUIDELINES ON THE APPLICATION OF THE ENDORSEMENT REGIME FOR CRAS 

ESMA has issued today the official translations of its Guidelines on the application of the endorsement regime under Article 4(3) of the Credit Rating Agencies Regulation.

15 May 

WORKING GROUP ON EURO RISK-FREE RATES LAUNCHES CONSULTATION ON EONIA TO €STR TRANSITION

Today the EUR risk-free rates working group published a consultation paper on the “EONIA to €STR legal action plan”, reaching out to market participants about the need of implementing a legal action plan to ensure a smooth transition from EONIA to €STR in new and legacy contracts.

15 May 

ESMA SAYS MARKET RISK REMAINS HIGH BUT STABLE

ESMA has published its latest risk dashboard for the European Union’s securities markets, covering the first quarter of 2019.  It finds that the risk landscape in Q1 2019 remains largely unchanged compared to the fourth quarter of 2018.

13 May

ESMA ISSUES TWO POSITIVE OPINIONS ON NATIONAL PRODUCT INTERVENTION MEASURES

ESMA has issued two positive opinions on proposed product intervention measures taken by Finanzmarktaufsicht (FMA) of Austria. ESMA’s opinion finds that the proposed measures are justified and proportionate and that it is necessary for NCAs of other Member States to take product intervention measures that are at least as stringent as ESMA’s measures.

10 May

MIFID II: ESMA PUBLISHES DATA FOR THE SYSTEMATIC INTERNALISER CALCULATIONS FOR EQUITY, EQUITY-LIKE INSTRUMENTS AND BONDS

ESMA) has today published an update of systematic internaliser (SI) regime data. The updated publication covers equity, equity-like instruments and bonds.

8 May

MIFID II: ESMA ISSUES LATEST DOUBLE VOLUME CAP DATA

ESMA has updated today its public register with the latest set of double volume cap (DVC) data under the Markets in Financial Instruments Directive (MiFID II).

6 May 

ESMA NEWSLETTER - Nº4

Welcome to the fourth edition of ESMA’s newsletter. This month ESMA's Board of Supervisors will meet and we look ahead to a busy month of speaking appearances by ESMA staff. We also catch up on the full list of publications from April and take a closer look at ESMA's opinions on proposed product intervention measures by NCAs. 

3 May 

ESMA SUBMITS TECHNICAL ADVICE ON SUSTAINABLE FINANCE TO THE EUROPEAN COMMISSION

ESMA has published its technical advice to the European Commission (EC) on Sustainable Finance initiatives to support the EC’s Sustainability Action Plan in the areas of investment services and investment funds.

1 May 

MIFID II: ESMA MAKES NEW BOND LIQUIDITY DATA AVAILABLE 

ESMA has started today to make available new data for bonds subject to the pre- and post-trade requirements of the Markets in Financial Instruments Directive (MiFID II) and Regulation (MiFIR) through its data register.

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