esma
ESMA Slaps This Fintech with €420K Fine for Name-Dropping Violations
- The regulator has fined Italian credit rating agency Modefinance for falsely suggesting ESMA had certified its rating models.
- The misleading statements appeared on the company's websites for three years, potentially affecting investor decisions.
Monday, 07/04/2025 | 09:30 GMT by
Damian Chmiel
EU Watchdog Wants Crypto Exchanges and Companies Staff to Hit the Books
- The regulator has released draft guidelines requiring crypto service providers to ensure staff giving advice meet strict knowledge standards.
- The proposal mandates minimum qualifications and annual training for customer-facing crypto professionals.
Monday, 17/02/2025 | 12:12 GMT by
Damian Chmiel
Crypto Firms May Need to Split Services into Separate Companies Under MiCA
- ESMA's latest opinion introduces stricter requirements for crypto-asset service providers, including potential legal entity separation.
- Others include enhanced personal transaction monitoring and broader remuneration definitions to prevent conflicts of interest.
Monday, 27/01/2025 | 07:34 GMT by
Damian Chmiel
ESMA Sets Deadline for Crypto Firms to Align with MiCA Stablecoin Rules
- The push has created pressure on crypto service providers, urging swift alignment with the new MiCA regulations.
- ESMA mentioned that stablecoins issued by authorized entities can be legally offered in the EU.
Monday, 20/01/2025 | 21:12 GMT by
Jared Kirui
EU Securities Regulator Sets 2027 Deadline for T+1 Settlement Transition
- This change seeks to enhance market efficiency, reduce risks, and align EU practices with global standards.
- The transition will require updates to the Central Securities Depositories Regulation.
Monday, 18/11/2024 | 20:37 GMT by
Jared Kirui
ESMA Responds to Commission's Proposed Amendments to MiCA for Cryptos
- Recommendations include requiring cybersecurity audit results and verifying management reputation for CASPs.
- The opinion has been sent to the Commission, European Parliament, and Council, which have three months respond to the RTS.
Wednesday, 16/10/2024 | 13:46 GMT by
Tareq Sikder
ESMA to Upgrade Systems as EU Aims for T+1 Settlement
- The transition faces challenges, such as harmonization, standardization, and modernization of post-trade systems.
- T+1 aims to lower risks, reduce costs, and improve cross-border transaction efficiency.
Tuesday, 15/10/2024 | 19:03 GMT by
Jared Kirui
ESMA Seeks Stakeholder Input on Order Execution Policies under MiFID II
- The revised MiFID II and MiFIR regulations took effect on 28 March 2024, with a transposition deadline of 29 September 2025.
- ESMA seeks input on order execution policies, their effectiveness, own account dealing, and client instructions.
Tuesday, 16/07/2024 | 10:20 GMT by
Tareq Sikder
ESMA Releases Second Final Report on MiCA: European Commission to Review
- The draft provides guidelines for sustainability indicators, business continuity, trade transparency, orderbook content, and public disclosures.
- The report details requirements for the readability of white papers and record-keeping by CASPs.
Thursday, 04/07/2024 | 15:10 GMT by
Tareq Sikder
Exclusive: CySEC Chair Says "AI Remains Uncharted" in Most of EU's Securities Markets
- In a special op-ed for Finance Magnates, Dr. George Theocharides identifies trust-building as an essential element for the broad adoption of AI.
- As the forefront of AI promotion, banking can help us understand the likely trends that will shape the securities markets industry.
Thursday, 15/02/2024 | 10:59 GMT by
Dr. George Theocharides
ESMA Issues Warning on Investment Recommendations: MAR Compliance Crucial
- MAR mandates the disclosure of names, job titles, and timestamps for recommendation producers.
- Social media recommendations must explicitly disclose any interests or conflicts of interest.
Tuesday, 06/02/2024 | 11:53 GMT by
Tareq Sikder
Size Still Matters in Investment Product Accessibility
- The average cost of retail investment products is falling across the EU, but there is a disparity in accessibility cost.
- Although ETFs are growing in popularity, retail demand for actively managed funds persists.
Monday, 05/02/2024 | 13:40 GMT by
Paul Golden
“Advanced Data, Diversifying Business, and Options Gain Traction”: Experts’ Perspectives
- Panelists of "Retail Trading in the EU” at FMLS highlighted unprecedented regulatory changes in retail trading within the EU.
- The discussion noted a shift to advanced data sets, signaling increased respect for professional retail investors.
Wednesday, 03/01/2024 | 09:08 GMT by
Tareq Sikder
ESMA Targets CFDs Again: Alarm over Misleading Financial Instruments
- According to the regulator, brokers tend to mix CFD and real shares offers.
- Moreover, influencers are believed to have too much impact on investment decisions made by retail traders.
Thursday, 14/12/2023 | 10:54 GMT by
Damian Chmiel
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