About this initiative
Proposal for a REGULATION OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL Amending Regulation (EU) No 1093/2010 establishing a European Supervisory Authority (European Banking Authority); Regulation (EU) No 1094/2010 establishing a European Supervisory Authority (European Insurance and Occupational Pensions Authority); Regulation (EU) No 1095/2010 establishing a European Supervisory Authority (European Securities and Markets Authority); Regulation (EU) No 345/2013 on European venture capital funds; Regulation (EU) No 346/2013 on European social entrepreneurship funds; Regulation (EU) No 600/2014 on markets in financial instruments; Regulation (EU) 2015/760 on European long-term investment funds; Regulation (EU) 2016/1011 on indices used as benchmarks in financial instruments and financial contracts or to measure the performance of investment funds; and Regulation (EU) 2017/1129 on the prospectus to be published when securities are offered to the public or admitted to trading on a regulated market
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European Investors' Association (Belgium)
EUROPEAN INVESTORS: REVIEW OF THE ESAs European Investors welcomes the opportunity to respond to the proposal of the European Commission (EC) for a Regulation to strengthen the role of the European Supervisory Authorities (ESAs). Because of the constituency of European Investors, this response will mainly focus on the (future) role, governance and powers of the European Securities and Markets Authority (ESMA). EXECUTIVE SUMMARY European...
Association for Financial Markets in Europe (AFME) (Belgium)
The Association for Financial Markets in Europe ("AFME") is the voice of all Europe’s wholesale financial markets, providing expertise across a broad range of regulatory and capital markets issues. We represent the leading global and European banks and other significant capital market players. We advocate for deep and integrated European capital markets which serve the needs of companies and investors, supporting economic growth and benefiting...
ICI Global (United Kingdom)
ICI Global is deeply concerned that Article 31a on third-country delegation in the European Commission’s (Commission) proposed reforms of the European Supervisory Authorities (ESAs) will detrimentally affect the prominence of UCITS as global investment vehicles. Many of our members manage and sponsor regulated funds domiciled in multiple jurisdictions (including UCITS) and have global business operations that provide services to those funds. ...
European Banking Federation (Belgium)
On 20 September 2017, the European Commission (“the Commission”) published a legislative proposal to amend inter alia the regulations establishing each of the European supervisory authorities (ESAs) - the European Banking Authority (EBA), the European Insurance and Occupational Pensions Authority (EIOPA) and the European Securities and Markets Authority (ESMA). The ESAs review proposal follows the Five Presidents' Report on Completing Europe...
UK Finance (United Kingdom)
UK Finance is a new trade association which was formed on 1 July 2017 to represent the finance and banking industry operating in the UK. It represents around 300 firms in the UK providing credit, banking, markets and payment-related services. The new organisation brings together most of the activities previously carried out by the Asset Based Finance Association, the British Bankers’ Association, the Council of Mortgage Lenders, Financial...
European Association of Cooperative Banks (Belgium)
• The EACB fears that the proposals to give additional competencies to the ESAs regarding a “Supervisory Handbook” and a “Strategic Supervisory Plan” would mean a de facto first step towards a direct supervision by the ESAs of the national supervisory authorities and thus an indirect supervision of market participants- this needs to be avoided. • It needs to be ensured that the ESAs do not overstep their respective mandates and that delegated...