On 12 February 2025, the European Commission published a proposal to shorten the settlement cycle for EU securities from two days to one, through a targeted amendment to the Central Securities Depositories Regulation (CSDR).
The proposed legislative amendment would shorten the settlement cycle on securities, such as shares or bonds executed on EU
On 13 February 2025, the European Central Bank (ECB) published a speech: From concept to delivery: accounting for climate and nature in maintaining price stability and keeping banks safe and sound, which was delivered by Frank Elderson, a member of the ECB’s Executive Board and vice-chair of its Supervisory Board, at the MNI Webcast
On 10 February 2025, the European Commission issued a consultation on a draft Delegated Regulation that amends Commission Delegated Regulation (EU) 2022/930 as regards fees relating to the supervision by the European Securities and Markets Authority (ESMA) of consolidated tape providers (CTPs).
Key points include:
On 6 February 2025, the European Commission issued a consultation on a draft Delegated Regulation amending Commission Delegated Regulation (EU) 2022/803 by specifying rules of procedure for the exercise of the power to impose fines or periodic penalty payments by the European Securities Markets Authority regarding data reporting service providers.
Article 1 of the draft
On 6 February 2025, the European Commission published the keynote address of Commissioner Albuquerque at the ESMA Conference.
The title of the address is Shaping a prosperous future for Europe: The Savings and Investments Union.
In the address Commissioner Albuquerque discusses the underlying drivers of the Savings and Investments Union. This includes empowering EU
On 3 February 2025, the European Securities and Markets Authority published the results of its survey conducted last October on legal entities identifiers (LEIs).
The purpose of the survey was to collect feedback from market participants on the opportunities and challenges, costs and benefits, of using different identifiers (other than the LEI) in
We have published a new briefing note 3 February 2025: DPE regime becomes fully operational.
On 24 January 2025, the European Securities and Markets Authority (ESMA) issued a new web page reminding market participants that responsibility for reporting over-the-counter (OTC) transactions will shift from systematic internalisers (SIs) to the new Designated Publishing Entities (DPEs) from 3 February 2025.
The DPE regime allows
On 24 January 2025, the European Commission (Commission) adopted a Delegated Regulation supplementing the Markets in Financial Instruments Regulation (MiFIR) as regards over-the-counter (OTC) derivatives identifying reference data to be used for the purposes of the transparency requirements laid down in Article 8a(2) and Articles 10 and 21.
The
On 14 January 2025, the Financial Stability Board (FSB) issued a report on The Relevance of Transition Plans for Financial Stability.
Background
The report looks at the role that financial and non-financial firms’ transition plans can play for financial stability assessments, in particular as a source of information for monitoring climate-related financial