Following directives published by the EU Parliament in November 2010, the European Securities and Markets Authority (ESMA) has announced the launch of what it calls a “One-stop shop for EU regulated investment information”. The new section is a consolidated register of information from EU regulators. Using the register, viewers will be able to access information such as lists of MiFID investment firms, management companies and recent sanctions reported by numerous EU regulators from one interface.
According to ESMA, the “Consolidated Registers is a reference tool aimed at enhancing investor protection by improving transparency across the EEA and providing the public with access to official information.” Information is compiled by European Economic Area national competent authorities adding information into the register. As such, local supervisory websites are expected to continue to be the source of the most updated information. Overall, the launch of the consolidated registrar system is part of ongoing ESMA guidelines being enacted to create more uniform financial frameworks between regulators of different EEA countries.
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