Tag: European Securities and Markets Authority

July 17, 2024 BY Elizabeth Anderson

ESMA Opens Consultation On Order Execution Policies Under MiFID II

This call came on Tuesday 16 July 2024, and the financial watchdog indicated that financial institutions and investment platforms have until 16 October 2024 to comment on the proposed amendments. Investment firms must specifically address the classification of financial instruments in terms of which they execute client orders. These companies must also indicate how they…

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ESMA ceases renewal of product intervention CFDs measures
March 14, 2019 BY Valentina Kirilova

Does your liquidity provider really cover your liability with negative balance protection under ESMA?

This article was written by Shobin Mathew Simon, Institutional Sales Associate at Advanced Markets Group. The European Securities and Markets Authority (ESMA) has implemented a range of measures intended to protect retail clients who are trading leveraged products, such as CFDs. The product intervention measures mandated by ESMA, under Article 40 of the Markets in…

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regulations
February 19, 2019 BY Valentina Kirilova

ESMA releases supportive opinion regarding BaFin’s ban on short selling

The European Securities and Markets Authority (ESMA) has finally released its official opinion regarding the 2-month ban on the short selling of Wirecard AG (Wirecard) shares instituted by the Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin). The ban was based on the Short Selling Regulation as an emergency measure, which became effective at 06:00 CET today before the trading session…

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ESMA bond liquidity data
January 10, 2019 BY Valentina Kirilova

ESMA: Investment product performance deeply impacted by charges

Pan European regulator the European Securities and Markets Authority (ESMA) has just published its first Annual Statistical Report on the cost and performance of retail investment products. The regulator includes the lack of available and usable cost and performance data as a highlight, claiming that it could cause problems from an investor protection perspective. LeapRate…

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Stax Inc. teams up with Coleman Research
October 18, 2018 BY Valentina Kirilova

ESMA data analysis values EU derivatives market at €660 trillion

The European Securities and Markets Authority (ESMA) has published its first Annual Statistical Report on the European Union’s (EU) derivatives markets. The Report, based on data submitted under the European Markets and Infrastructure Regulation (EMIR), provides the first comprehensive market-level view of the EU’s derivatives markets which, at 31 December 2017, amounted to €660tn of…

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ESMA bond liquidity data
October 15, 2018 BY Valentina Kirilova

ESMA sees 2% increase in prospectus approvals across the EEA

The European Securities and Markets Authority (ESMA), in its annual report on prospectus activity, has just informed the public that it has found that in 2017 the number of prospectus approvals across the European Economic Area (EEA) increased by around 1.9% compared to 2016 (from 3499 to 3567). The growth in prospectus approvals puts an…

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ESMA - Did they go too far?
September 28, 2018 BY Valentina Kirilova

ESMA renews restriction on CFDs for a further three months

Not too surprisingly, pan European regulator ESMA has decided to extend its CFD and Forex leverage cap (and related rules) beyond the three month trial period which will end on November 1. However, ESMA did give 'something back', relaxing one of the more annoying marketing related rules it instituted (see bold text below). Interestingly, the three…

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Moment of Truth: ESMA now requires the online publication of RTS27 and RTS28 reports
September 27, 2018 BY Valentina Kirilova

ESMA to publish new data completeness indicators for trading venues

The European Securities and Markets Authority (ESMA) has today announced details of two new data completeness indicators for trading venues detailing the delivery of double volume cap (DVC) and bond liquidity data. The two indicators – the Completeness Ratio and the Completeness Shortfall – will assist trading venues in delivering complete and accurate data on…

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ESMA bond liquidity data
July 30, 2018 BY Valentina Kirilova

ESMA finds shortcomings in national supervision of efficient portfolio management by UCITS

The European Securities and Markets Authority (ESMA) has informed that it has found that national regulators need to improve their supervision of Undertakings for Collective Investments in Transferable Securities (UCITS) engaging in efficient portfolio management techniques (EPM). A recent peer review by ESMA, which assessed the level of compliance of six national competent authorities (NCAs)…

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