ESMA Updates Lists of Guidelines and Standards Under Its Mandate
ESMA updated the overview of the guidelines and implementing and regulatory technical standards that have been published under its mandate. ESMA also published a document that provides information on the compliance status of the national competent authorities with respect to the application of various ESMA guidelines in their respective jurisdictions.
The document on overview of guidelines contains information such as the date of application, along with links to the final guidelines, consultation reports, feedback received to these consultations, any related peer reviews, and the translations of these guidelines in official EU languages. In this document, ESMA also provides links to the respective compliance tables, which contain information on whether the national competent authorities in EU member states comply, or intend to comply, with each ESMA guidelines. The document on overview of technical standards contains, among other information, the status of each technical standard, the date of its publication in the Official Journal of the European Union, and the date of its entry into force.
To promote supervisory convergence, ESMA has the power to issue guidelines (Article 16 of ESMA Regulation 1095/2010) that are addressed to competent authorities or, as the case may be, to market participants. In the context of developing the guidelines, ESMA, where appropriate, conducts open public consultations. ESMA is entitled to receive information from competent authorities or, as the case may be, from market participants on whether they comply with the guidelines and to publish the reasons of non-compliance by supervisory authorities. According to Regulation 1095/2010, ESMA is entitled to elaborate technical standards to be submitted to EC for endorsement. Depending on the Level 1 mandate, ESMA will develop either regulatory technical standards that are endorsed by EC by means of delegated acts or implementing technical standards that are adopted by EC by means of implementing acts.
Related Links
- Guidelines (PDF)
- Technical Standards (XLSX)
- Compliance with Guidelines (XLSX)
- Overview of Guidelines and Technical Standards
Keywords: Europe, EU, Banking, Securities, List of Guidelines, Competent Authorities, Regulatory Technical Standards, Implementing Technical Standards, Overview of Technical Standards, ESMA
Featured Experts
María Cañamero
Skilled market researcher; growth strategist; successful go-to-market campaign developer
Nicolas Degruson
Works with financial institutions, regulatory experts, business analysts, product managers, and software engineers to drive regulatory solutions across the globe.
Patrycja Oleksza
Applies proficiency and knowledge to regulatory capital and reporting analysis and coordinates business and product strategies in the banking technology area
Previous Article
EIOPA Publishes Supervisory Convergence Plan and Suptech StrategyRelated Articles
APRA Decides to Standardize Submission Date for Quarterly Reporting
APRA announced the standardization of quarterly reporting due dates for authorized deposit-taking institutions.
Bundesbank Publishes Supporting Documentation for Reporting by Banks
Bundesbank published a list of "EntryPoints" that are accepted in its reporting system; the list provides taxonomy version and name of the module against each EntryPoint.
ECB Working Group Publishes Recommendations on EURIBOR Fallbacks
The private sector working group of ECB on euro risk-free rates published the recommendations to address events that would trigger fallbacks in the Euro Interbank Offered Rate (EURIBOR)-related contracts, along with the €STR-based EURIBOR fallback rates (rates that could be used if a fallback is triggered).
EBA Publishes Phase 1 of Reporting Framework 3.1
EBA published the phase 1 of its reporting framework 3.1, with the technical package covering the new reporting requirements for investment firms (under the implementing technical standards on investment firms reporting).
APRA to Finalize Capital Adequacy Standard Revisions by January 2022
Asia Pacific Australia Banking APS 111 Capital Adequacy Regulatory Capital Basel RBNZ APRA
ESMA Issues Guidelines on Outsourcing to Cloud Service Providers
ESMA published the final guidelines on outsourcing to cloud service providers.
EBA Publishes Data on Deposit Guarantee Schemes
EBA published annual data for two key concepts and indicators in the Deposit Guarantee Schemes (DGS) Directive—available financial means and covered deposits.
OSFI Sets Out Plan for Future Guidance on Managing Technology Risk
OSFI has set out the schedule for release of draft guidance on the management of technology risks by federally regulated financial institutions and private pension plans.
MAS Updates Housing Loan Rules, Proposes Corporate Governance Guidance
MAS updated rules for new housing loans by banks and finance companies.
HKMA Publishes Guideline on Sustainable Finance Grant Scheme
HKMA published a statement on the 100% Personal Loan Guarantee Scheme and a guideline on the Green and Sustainable Finance Grant Scheme (GSF Grant Scheme) as announced in the 2021-22 Budget.
