The European Securities and Markets Authority (ESMA) yesterday appointed Gabriela Figueiredo Dias, Chair of CMVM’s Management Board, for the second term as Chair of the Investment Management Standing Committee.
The appointment was made by ESMA’s Board of Supervisors in Paris. The term begins on 1 October 2020. The first appointment to lead this standing committee took place in 2019.
The Committee on Asset Management addresses issues relating to collective investment management, covering the investment funds activity. Its main function is to develop technical standards of execution and regulations related to Directives (namely, UCITS – Undertakings for Collective Investment in Transferable Securities and AIFMD – Alternative Investments Fund Managers Directive) and Community regulations concerning the investment fund industry, among other matters.
ESMA currently has 10 Standing Committees, comprised of experts from the National Competent Authorities of the Member States of the European Union. These working groups are responsible for developing policies in their respective areas of activity.
In 2018, Gabriela Figueiredo Dias was appointed on an individual basis for the Management Board, which is the six-member body that ensures the executive management of ESMA, which she still integrates.