The European Securities and Markets Authority (ESMA) has published its final report on draft regulatory technical standards (RTS) under Articles 8b(3), 21(4a)(a) and 21(4a)(b) of the CRA III Regulation (CRA3).
The final report includes a summary of the feedback to ESMA’s earlier consultation. Draft RTS on the following topics are set out in draft Commission delegated regulations, which themselves are set out in annexes to the final report:
- disclosure requirements on structured finance instruments;
- the new European Rating Platform; and
- the periodic reporting on fees charged by CRAs.
ESMA has submitted the draft RTS to the Commission which now has three months in which to decide whether to endorse them.
View Final Report: Draft Regulatory Technical Standards under the CRA3 Regulation, 20 June 2014
View Letter from ESMA to Mr Barnier on Regulatory Technical Standards under the CRA3 Regulation, 24 June 2014