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ESMA issues an opinion on Product Intervention measures by Norway
ESMA’s opinion concludes that the proposed measures are justified and proportionate. ESMA’s qualifies this conclusion in relation to the application of the measures in the case of cross-border activities. ESMA’s opinion also concludes that it is necessary for NCAs of other Member States to take product intervention measures that are at least as stringent as […]
ESMA publishes validation rules and XML schemas for SFTR reporting
Today’s publication includes the validations rules applicable to SFTR reports as well as the XML schemas reporting entities should use, including: Under the SFTR, both parties to an SFT need to report new, modified or terminated SFTs to a registered or recognised trade repository (TR), including the composition of the collateral. Original Article Here
ESMA recommends action by financial market participants for COVID-19 impact
Following a Board of Supervisors discussion examining the market situation and contingency measures taken by supervised entities, ESMA is making the following recommendations to financial market participants: · Business Continuity Planning – All financial market participants, including infrastructures should be ready to apply their contingency plans, including deployment of business continuity measures, to ensure operational […]