ESMA News

ESMA identifies data reporting services providers to be supervised directly


ESMA identifies data reporting services providers to be supervised directly

Tuesday 12 July 2022 12:32

The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, following the adoption of the European Commission Delegated Act defining the derogation criteria to the principle that data reporting service providers (DRSPs) are subject to ESMA’s supervision, has identified those DRSPs it directly supervises, as well as those derogated entities which remain under the supervision of National Competent Authorities (NCAs) due to their limited relevance for the European Union (EU) market.

On 1 January 2022, ESMA took on its new mandate as direct supervisor of DRSPs. Following the adoption of the Commission Delegated Act in March, ESMA subsequently performed the relevant assessment by considering the cross-border activity and the volumes of transactions reported or published by…

Original Article Here

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.