The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has published today a vacancy notice to fill the position of Chair of the Authority.
The current Chair, Steven Maijoor, having served the maximum number of five-year terms allowed under the ESMA Regulation will leave the post on 31 March 2020 and ESMA must now begin the process of finding his successor.
The Chair of the Authority is appointed by the Council of the European Union (Council) following the European Parliament’s (EP) confirmation of the candidate. The selection of the candidate will be based on a shortlist drawn up by ESMA’s Board of Supervisors (Board) assisted by the European Commission (EC).
Position
The Chair is a full-time independent professional and member of ESMA staff, based in Paris. The Chair acts as the head and external representative of ESMA, develops ESMA’s long-term strategic orientation and ensures the achievement of ESMA’s objectives. He/she is a voting Member of, and chairs, the Board of Supervisors and Management Board. He/she, as part of his/her accountability, also participates annually in a public hearing before the EP and answers questions from its Members. The mandate is for 5 years, renewable once.
Process
a) Closing date for applications 2 September
b) Interviews by the Selection Board composed of the Vice-Chair, three members of the Board, and an official from the EC;
c) Presentation to and interview with the Board of Supervisors;
d) The Board, with the assistance of the Commission, drawing-up a shortlist; and
e) Appointment of the Chair of ESMA by the Council, after confirmation by the EP.
