There has been published identical letters that Roberto Gualtieri (Chair, European Parliament Economic and Monetary Affairs Committee) has sent to Jonathan Hill (EU Commissioner for Financial Stability, Financial Services and Capital Markets Union) and Ambassador Pieter de Gooijer (Chairman of the Council of the EU’s Permanent Representatives Committee).
The letters concern the following Commission Delegated Regulations under the Market Abuse Regulation:
- Commission Delegated Regulation (EU) of 26 February 2016 supplementing Regulation (EU No 596/2014 of the European Parliament and of the Council laying down regulatory technical standards on the criteria, the procedure and the requirements for establishing an accepted market practice and the requirements for maintaining it, terminating it or modifying the conditions for its acceptance;
- Commission Delegated Regulation (EU) of 1 March 2016 supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council with regard to regulatory technical standards for the content of notifications to be submitted to competent authorities and the compilation, publication and maintenance of the list of notifications; and
- Commission Delegated Regulation (EU) of 8 March 2016 supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council with regard to regulatory technical standards for the conditions applicable to buy-back programmes and stabilisation measures.
The letters state that the texts of the Delegated Regulations and the draft regulatory technical standards produced by the European Securities and Markets Authority are not the same and therefore the objection period is not one month but rather three months (i.e. until 26 May 2016, 1 June 2016 and 8 June 2016 respectively).
View Letter to Mr Hill, Commissioner for Financial Stability, Financial Services and Capital Markets Union, 14 March 2016
View Letter to Ambassador Pieter de Gooijer Chair of COREPER II, 14 March 2016
