European Securities and Markets Authority

Crypto / Digital Assets

ESMA Examines Crypto Risks Ahead of MiCA Implementation

By Nithya Subramanian | 12/04/2024

ESMA warns of concentration risks and inadequate transparency, but says MiCA will help address such issues.

Market Infrastructure

EU Seeks to Coordinate T+1 Transition with UK, Switzerland

By Editors | 11/04/2024

The European T+1 Industry Task Force said alignment will reduce the complexity for multi-jurisdictional firms and minimise scoping issues.

Crypto / Digital Assets

ESMA Calls on EU Commission to Clarify Aspects of DLT Pilot Regime

By Manesh Samtani | 08/04/2024

Four applications have been received and eight others are expected in 2024, but no authorisations have been granted under the Regime.

Crypto / Digital Assets

ESMA Finalises First MiCA Rules, Issues New Consultation

By Manesh Samtani | 26/03/2024

The rules set out authorisation requirements for CASPs and notification requirements for regulated financial entities seeking to provide crypto services.

Enforcement

ESMA FInes Scope Ratings for Conflict of Interest Breaches

By Editors | 26/03/2024

ESMA said Scope fell short of the requirements under the Credit Rating Agencies Regulation on handling conflicts of interest.

Big Picture

ESMA Publishes Industry Feedback on Adoption of T+1 in Europe

By Mark Johnston | 26/03/2024

The feedback was mixed. ESMA will seek to better understand the suitability, costs and benefits of a shorter settlement cycle and publish a final report by Jan 2025.

Market Infrastructure

EU, China Hold Inaugural Meeting of New Working Group

By Mark Johnston | 22/03/2024

Regulators from both sides discussed AML, supervisory cooperation, sustainable finance, capital markets, cross-border data transfers, payments, and CCP equivalence.

Capital / Liquidity

CFTC Grants TAIFEX Exemption to Clear Swaps for US Participants

By Manesh Samtani | 26/02/2024

TAIFEX has relied on temporary no-action relief since September 2022. ‘Exempt DCO’ status gives it a lasting right to clear OTC derivatives for US participants.

Social Media Posts May Breach Market Abuse Rules: ESMA

By Mark Johnston | 09/02/2024

ESMA has warned social media users that they might be breaching the EU’s Market Abuse Regulation by posting investment recommendations online.