ESMA and EBA publish guidelines to harmonise the supervisory review and evaluation process of investment firms
The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, and the European Banking Authority (EBA) today published final Guidelines on common procedures and methodologies for the supervisory review and evaluation process (SREP) for investment firms.
The guidelines are based on the Investment Firms Directive (IFD) and aim to harmonise the supervisory practices regarding the supervisory review and evaluation process of investment firms.
The final SREP Guidelines have been developed jointly with the EBA. They set out the…