ESMA News

ESMA issues statement on preparatory work in relation to CFDs, binary options and other speculative products

Statement Text: ESMA has been concerned about the provision of speculative products such as CFDs, rolling spot forex and binary options to retail investors for a considerable period of time and has conducted ongoing monitoring and supervisory convergence work in this area. In this context, ESMA has previously published a number of Q&As on CFDs […]

ESMA News

ESMA seeks volunteers for field tests of the European Single Electronic Format (ESEF)

The field tests will consist of transforming annual financial reports by issuers to Inline XBRL instance documents, according to ESMA’s draft ESEF specifications. ESMA is seeking participation from: ·         issuers on European regulated markets from all industries preparing IFRS consolidated financial statements; and ·         software vendors. Participating issuers will receive free support to transform their […]

ESMA News

ESMA updates co-legislators on MiFID II implementation

ESMA will deliver a specific IT infrastructure for the implementation of MiFID II on 3 January 2018. This will include pan-European IT systems, which will allow: The reception and publication of reference data; The computation and publication of various liquidity assessments and thresholds to be used for the new transparency and tick size regimes; The […]

ESMA News

ESAs publish AML/CFT Guidelines

The Guidelines promote a common understanding of the risk-based approach to AML/CFT and set out how it should be applied. . These Guidelines are part of the ESAs’ wider work on fostering a consistent and effective approach to AML/CFT by both, credit and financial institutions, and AML/CFT supervisors. The Guidelines provide credit and financial institutions […]