ESMA imposes EUR420k fine on Modefinance
ESMA has fined Modefinance S.r.l. for misleadingly using ESMA’s name in statements related to its credit rating activities.
ESMA
ESMA extends tiering and recognition of three UK-based CCPs
ESMA, featured, ICE, LCH, LME Clear
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The three recognised UK CCPs are ICE Clear Europe Ltd, LCH Ltd (as Tier 2) and LME Clear Ltd (as Tier 1).
ESMA proposes EU move to T+1 settlement by October 2027
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ESMA recommends 11 October 2027 as the optimal date for the transition to T+1 settlement in the EU.
ESMA to directly supervise two additional data reporting services providers
Two entities currently supervised at national level will come under ESMA’s direct supervision.
21Shares urges ESMA to create regulatory framework including crypto assets in UCITS funds
21shares, crypto regulation, ESMA, featured
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Issuer of crypto ETPs 21Shares calls for regulatory clarity to unlock crypto opportunities for European investors.
ESMA recognises CDS Clearing and Depository Services as Tier 1 CCP
ESMA recognised CDS Clearing and Depositary Services Inc. (CDSC) as a Tier 1 CCP under Article 25 of EMIR.
ESMA warns of EU crypto firms using their offshore execution venues
crypto regulation, ESMA, featured, offshore crypto exchange
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ESMA calls for a case-by-case assessment, outlining the specific requirements that should be met regarding best execution.
ESMA: Cyprus accounts for 20% of firms providing cross-border investment services to retail clients
Cyprus forex broker, ESMA, featured, forex market, retail Forex broker
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Out of the 30 EU/EEA countries, Cyprus, Luxembourg, and Germany accounted for about 50% of the 386 firms.
ESMA clarifies treatment of crypto staking services under MiCA
crypto regulation, crypto staking, ESMA, featured, MiCA
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ESMA today published a new set of Q&A, including one concerning the treatment of staking services under MiCA.
ESMA issues guidance to firms using AI in investment services
AI trading tools, Artificial Intelligence, ESMA, featured
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Potential uses of AI by investment firms include customer support, fraud detection, risk management, compliance, and support.
