ESMA not to extend requirements for short position reporting
ESMA will not renew its decision to require holders of net short positions of 0.1% or more to report to NCAs.
ESMA will not renew its decision to require holders of net short positions of 0.1% or more to report to NCAs.
ESMA Chair notes that the role of online brokers’ business models in creating the recent surge in retail investor participation should be investigated.
The announcement from ESMA comes two months after we reported that Australia’s financial regulator ASIC was also investigating copy trading.
ESMA notes the need to match the growth in demand ESG tools with appropriate regulatory requirements to ensure their quality and reliability.
ESMA estimates it would need €8.7 million per year to monitor third-country firms, including UK firms, under MiFIR.
Some firms appear to be trying to circumvent MiFID II requirements after the end of the Brexit transition period, ESMA warns.
ESMA has withdrawn registrations of four UK-based trade repositories as Brexit transition period has ended.
ESMA registers DTCC Data Repository (Ireland) Plc as a trade repository under EMIR and SFTR.
ESMA renews its decision requiring net short position holders to report positions of 0.1% and above.
Euroclear UK & Ireland will formally apply to ESMA seeking recognition as a third country CSD.