Aggregated News From Investment Management Regulators

ESMA Newsletter – Nº15

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Welcome to the 15th edition of ESMA’s newsletter.

​This month, ESMA has published its 2019 Annual Report, released an important video on cost and performance and approved the new Securities and Markets Stakeholder Group (SMSG).  In this edition, we also take a closer look at our full list of ESMA staff webinars and catch up on publications from June.

​Finally, the Board of Supervisors will meet next on 7 & 8 July so stay with us for more updates.

june

annual report

Esma published its Annual Report, on 15 June, which reviews the achievements from 2019 against its mission of enhancing investor protection and promoting stable and orderly financial markets in the EU.

In addition, we also published a revised version of the 2020 Annual Work Programme, which includes potential deprioritisation regarding ongoing and future mandate.

sustainable finance

Climate change as a result of human activities has severe consequences for our society.

We all must play our part and ESMA is working towards a green recovery by supporting #SustainableFinanceEU.

Check out our Sustainable finance webpage to find out more about our recent activities.

cost and charges

As part of its work on Costs and Performance, ESMA has created a video targeted at retail investors, where we explain the relationship between costs and the performance of investment products.

Check out our:​

smsg

ESMA also announced the new composition of its Securities and Markets Stakeholder Group (SMSG) following approval by its Board of Supervisors.

The selected individuals begin a four-year term on 1 July 2020.

Check the list on our SMSG webpage.

Month ahead

Important consultations closing this month​

consultations

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Speakers

Speaking appearances by ESMA staff in June and July

Speaking Appereances

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@ESMA

Vacancy Notices

Open vacancies & deadlines 

Traineeship notice – Transversal profile (F/M)  31/12/2020
Traineeship notice – Legal profile (F/M)  31/12/2020
Traineeship notice – Financial Markets Profile (F/M)  31/12/2020
Head of Data Reporting Unit – Markets and Data Reporting Department 30/07/2020

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:  28 May – 30 June 2020
29 June

ESMA responds to European Commission consultation on the Digital Finance Strategy

The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has submitted a response to the European Commission’s (EC) consultation on a new digital finance strategy for the European Union (EU). ESMA welcomes the EC consultation noting that it builds on the 2018 FinTech Action Plan that set a number of deliverables for the ESAs, all of which were completed.
22 June

ESMA publishes translations for Guidelines on the reporting to competent authorities under Article 37 of the MMF Regulation

The European Securities and Markets Authority (ESMA) has issued the official translationsof its guidelines on standardised procedures and messaging protocols.
18 June

ESMA integrates the 2020 IFRS taxonomy into ESEF RTS

The European Securities and Markets Authority (ESMA), the EU securities markets regulator, publishes a draft amendmentto the Regulatory Technical Standards (RTS) on the European Single Electronic Format (ESEF).
17 June

ESMA publishes example of an annual financial report in ESEF format

The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, publishes on its website an example of an annual financial report which is prepared in the new European Single Electronic Format (ESEF).
16 June

ESMA appoints a new Securities and Markets Stakeholder Group

The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has published the new list of members of its Securities and Markets Stakeholder Group (SMSG) following approval by its Board of Supervisors. The selected individuals begin a four-year term on 1 July 2020. The SMSG will provide ESMA with advice on its policy work and must be consulted on technical standards, guidelines and recommendations.
15 June

ESMA publishes 2019 Annual Report and updates 2020 Annual Work Programme

The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has published its Annual Report, which reviews the achievements from 2019 against its mission of enhancing investor protection and promoting stable and orderly financial markets in the European Union.
11 June

ESMA responds to European Commission consultation on revision of NFRD

The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has submitted a response to the European Commission’s (EC) consultation on a revision of the Non-Financial Reporting Directive (NFRD). The response recommends standardising disclosure requirements, widening the range of companies required to report and ensuring consistency between legislative initiatives on sustainable finance.
11 June

ESMA renews its Decision requiring net short position holders to report positions of 0.1% and above

The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has renewed its decision to temporarily require the holders of net short positions in shares traded on a European Union (EU) regulated market to notify the relevant national competent authority (NCA) if the position exceeds 0.1% of the issued share capital.
11 June

ESMA publishes statement on MiFIR open access and COVID-19

The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, is issuing a public statementto clarify the application of the MiFIR open access provisions (OAP) for trading venues (TVs) and central counterparties (CCPs) in light of the recent adverse developments related to COVID-19.
09 June

ESAs announce public hearing on ESG disclosures

The three European Supervisory Authorities (EBA, EIOPA and ESMA – ESAs) will organise a public hearing on 2 July on proposed environmental, social and governance (ESG) disclosure standards for financial market participants, advisers and products.
09 June

ESMA extends deadline for responses to consultation on EMIR REFIT

The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has decided, in view of the effects of the ongoing COVID-19 pandemic on stakeholders and market participants, to extend the response date for the consultation on the technical standards on reporting, data quality, data access and registration of Trade Repositories under EMIR REFIT to 3 July 2020.
08 June

MiFID II: ESMA issues latest Double Volume Cap data

The European Securities and Markets Authority (ESMA) has updated its public registerwith the latest set of double volume cap (DVC) data under the Markets in Financial Instruments Directive (MiFID II).
05 June

ESMA provides guidance on the compliance function under MiFID II

The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, publishes the final guidelines on the MiFID II compliance function. These guidelines replace the ESMA guidelines on the same topic issued in 2012 and include updates that enhance clarity and foster greater convergence in the implementation, and supervision, of the new MiFID II compliance function requirements.
05 June

ESMA announces new methodology for peer reviews

The European Securities and Markets Authority (ESMA), the EU securities markets regulator, publishes a new Peer Review Methodologyintegrating the improvements to this process that were introduced by the revised ESMA Regulation (ESMAR).
04 June

ESMA updates reporting instructions for MMF reporting

The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has published updatedreporting instructions to be used for reporting under the Money Market Fund Regulation (MMFR).
04 June

ESMA promotes convergence in the supervision of costs in UCITS and AIFs

The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has published a supervisory briefing on the supervision by National Competent Authorities (NCAs) of costs applicable to Undertakings for the Collective Investment in Transferable Securities (UCITS) and Alternative Investment Funds (AIFs). This briefing comes in response to the need to improve convergence across NCAs in the approach to undue costs.
04 June

ESMA fines Scope Ratings €640,000 for failings in covered bonds ratings

The European Securities and Markets Authority (ESMA), the EU’s securities markets regulators, has fined Scope Ratings GmbH (Scope) €640,000, and issued a public notice, for breaches of the Credit Rating Agencies Regulation (CRAR) in relation to the systematic application of its 2015 Covered Bonds Methodology (CBM) and its revision.
03 June

ESMA consults on cloud outsourcing guidelines

The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has published a consultation paperon guidelines on outsourcing to cloud service providers.
03 June

ESMA updates transparency and position limit opinions for 3rd country venues

The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has published updated opinions on post-trade transparency and position limits under MiFID II and MiFIR following its assessment of over 200 third-country trading venues (TCTV) against criteria published in opinions in 2017.
02 June

ESMA publishes final report on FRANDT commercial terms for clearing services

The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator has published its final report with technical advice to the European Commission (EC) on the fair, reasonable, non-discriminatory and transparent (FRANDT) commercial terms for the provision of clearing services.
29 May

ESMA’s Supervisory Coordination network concludes its work

The European Securities and Markets Authority (ESMA), the EU securities markets regulator, announces the finalisation of the work of the Supervisory Coordination Network (SCN).
29 May

ESMA updates its Q&As on MiFID II and MiFIR transparency and market structures topics

The European Securities and Markets Authority (ESMA) has updated its Questions and Answers regarding market structuresand transparency issues under the Market in Financial Instruments Directive (MiFID II) and Regulation (MiFIR).
28 May

ESMA publishes updates to EMIR Q&As

The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has updated its Questions and Answers document on practical questions regarding data reporting issues, under the European Markets Infrastructure Regulation (EMIR).
28 May

ESMA updates Q&AS on MiFID II investor protection

​The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has updated its Questions and Answerson the implementation of investor protection topics under the Market in Financial Instruments Directive and Regulation (MiFID II/ MiFIR).
28 May

ESMA updates its Questions and Answers on the Securitisation Regulation

The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has updated its Questions and Answerson the Securitisation Regulation (Regulation 2017/2402).

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Abbreviation: ESMA
Jurisdiction: ESMA

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