On 18 December 2024, the European Securities and Markets Authority (ESMA) issued a consultation paper setting out proposed regulatory technical standards (RTS) establishing an EU code of conduct for issuer-sponsored research by the EU Listing Act Directive.
Background
Article 1(2)(a) of the EU Listing Act Directive introduces new paragraphs 3a to
On 17 December 2024, the Bank of England (BoE) published its Financial Market Infrastructure (FMI) Report 2024, setting out the work carried out over the past year in relation to FMI to deliver the BoE’s financial stability objective and secondary innovation objective.
The BoE highlights the important role played by
On 17 December 2024, the European Securities and Markets Authority (ESMA) issued a Supervisory Briefing on central counterparties (CCPs) ongoing monitoring of operational capacity of clearing members under Article 37(2) of the European Market Infrastructure Regulation (EMIR).
The Supervisory Briefing is addressed to Member State competent authorities (NCAs
On 17 December 2024, the European Banking Authority (EBA) issued a final report containing draft regulatory technical standards (RTS) on the conditions for determining whether an instrument attracting residual risk acts as a hedge.
Background
The draft RTS has been developed in accordance with Article 325(u)(6) of the Capital Requirements Regulation
On 17 December 2024, the European Supervisory Authorities (ESAs) issued a summary report with the key findings from the 2024 dry run exercise on reporting the registers of information (RoI) under the Digital Operational Resilience Act (DORA).
Dry run
The primary objective of the dry run exercise was to
On 16 December 2024, the European Securities and Markets Authority (ESMA) issued a final report regarding its mandates under the MiFIR Review on bond trade transparency and reasonable commercial basis (RCB).
Background
The MiFIR Review (Regulation (EU) 2024/7913) sought to improve pre- and post-trade transparency and introduced two new articles, Article
On 16 December 2024, the European Securities and Markets Authority (ESMA) issued a final report setting out proposed amendments to certain technical rules concerning commodity derivatives, as mandated by the adopted amendments to the Markets in Financial Instruments Directive II (revised MiFID II).
Background
Directive (EU) 2014/790 amends MIFID II and
On 16 December 2024, the European Securities and Markets Authority (ESMA) issued a Feedback Statement regarding the criteria to assess consolidated tape provider (CTP) applicants.
In the Feedback Statement ESMA summarises the input received on its initial reflections on the specification of the assessment criteria for the CTP selection procedures, as
On 16 December 2024, the European Securities and Markets Authority (ESMA) issued a final report on technical standards related to consolidated tape providers (CTPs) and data reporting service providers (DRSPs).
Background
In May 2024, ESMA published a Consultation Paper presenting draft technical standards covering: (i) the input and output