-
Guidelines on systems and controls in an automated trading environment for trading platforms, investment firms and competent authorities. March 2012.
On 22 December 2011, ESMA published the final report containing the guidelines on systems and controls in an automated trading environment for trading platforms, investment firms and competent authorities. These guidelines will become effective one month after the publication by national competent authorities on their official website in their national language so that market participants…
-
Locate rules: requirements on short sales in shares and in sovereign debt instruments in articles 12 and 13 of the Regulation. March 2012.
The Regulation 236/2012, of 14 March 2012, on short selling and certain aspects of credit default swaps, published in the Official Journal of the European Union, has been during the last for months being developed by ESMA who has prepared a draft technical standards that should be submitted to the EC by 31 March and…
-
Transparency rules: information reporting on net short position in shares and in sovereign debt and public disclosure on net short position in shares in articles 5 to 8 of the Regulation. March 2012.
The Regulation 236/2012, of 14 March 2012, on short selling and certain aspects of credit default swaps, published in the Official Journal of the European Union, has been during the last for months being developed by ESMA who has prepared a draft technical standards that should be submitted to the EC by 31 March and…
-
Principles for the regulation of the Exchange Traded Funds. March 2012.
IOSCO Technical Committee has published a consultation report on Principles for the Regulation of Exchange Traded Funds (ETFs). This document describes the experience and key regulatory aspects regarding ETFs worldwide, aims to provide guidance for markets and market authorities, to be of such a nature that they are adaptable to different regulatory frameworks and could…
-
Principles on suspensions of redemptions in Collective Investment Schemes. March 2012.
IOSCO Technical Committee has published, on the 19 of January 2012, its final report on the principles on suspensions of redemptions for open-ended Collective Investment Schemes (CIS). The principles, which are based on the CIS´s responsible entities basic duty to manage CIS liquidity on an on-going basis so as to avoid suspensions to the extent…
-
Proposal for MiFID review. November 2011.
The proposal for amending the 2004/39/CE Directive (onward MiFID)and the proposal for Regulation (MiFIR) have been submitted by the EC to the Council and to the Parliament of the EU on the 20th of October. The MiFID review constitutes a part of the integral reforms within the UE to achieve a safer, sounder more transparent…
-
Proposal for a MAD review. November 2011.
The legislative proposal for amending the 2003/6/EC Market Abuse Directive (onward MAD) and the proposal for Market Abuse Regulation (MAR) have been submitted by the EC to the Council and to the Parliament of the UE on the 20th of October. This proposal is based, among others, on the report by the High-level Group on…
-
Level 2 measures of the Alternative Investment Fund Managers Directive. November 2011.
ESMA has published, on the 16 of November, the final report with the technical advice to eh EC on possible implementing measures of the Alternative Investment Fund Managers Directive (AIFMD). The document covers the areas that, according to level 1 Directive, should be implemented in the level 2: Application scope The total value of assets…
-
Principles for the regulation and supervision of commodity derivative markets. November 2011.
IOSCO Technical Committee has published, on the 15th of September, a final report (prepared b the Task Force on Commodity Futures Market) on Principles for the regulation and supervision of commodity derivatives markets. These principles are aimed at ensuring a globally consistent approach to the oversight of commodity derivatives markets, combat market manipulation and improve…
-
IOSCO-CPSS. Trade repositories: OTC derivatives data reporting and aggregation. November 2011.
IOSCO formed, in October 2010, the Task Force on OTC derivatives to work jointly with CPSS who have published, on the 24th of August, a consultation report to develop reporting and aggregation standards on OTC derivative transactions. The report underlines the importance of the role that Trade Repositories (TR) are expected to play in collecting,…
