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Meritsoft’s head of reg weighs in on likely CSDR delay
31 July 2020 London
Reporter: Maddie Saghir

Carpenter explained there are major concerns around the mandatory buy-in process, particularly for the tier-one banks under the buy-in rules and possible associated cash compensation process

ESMA confirms preparations to further delay CSDR
28 July 2020 Brussels
Reporter: Maddie Saghir

ESMA has confirmed it is working on a proposal to possibly delay the entry into force of the CSDR settlement discipline regime until 1 February 2022

SGSS and MFEX selected for brokerage and custody services
28 July 2020 Frankfurt
Reporter: Rebecca Delaney

The European Bank for Financial Services has selected Societe Generale Securities Services in Germany and MFEX Mutual Fund Exchange to provide brokerage, custody and trailer fee management services

Draft RTS on PRIIPS review did not ‘receive support of a qualified majority’
21 July 2020 Brussels
Reporter: Maddie Saghir

ESAs said they are not in a position to formally submit draft RTS to the European Commission to amend the PRIIPs Delegated Regulation after it did not receive the support of a qualified majority

New 12-month CSDR delay expected
20 July 2020 Brussels
Reporter: Drew Nicol

ESMA is expected to publish an amendment proposing an additional 12-month delay to the current February 2021 deadline after the summer holiday period

ESMA publishes first MiFIR review reports
17 July 2020 Paris
Reporter: Rebecca Delaney

The European Securities and Markets Authority has published its first two review reports on the Markets in Financial Instruments Regulation transparency regime

Steven Maijoor to step down as ESMA chair
15 July 2020 Paris
Reporter: Rebecca Delaney

The European Securities and Market Authority has published a vacancy notice for the position of chair

EU-wide CCP stress test finds “significant” concentration risk
14 July 2020 Brussels
Reporter: Rebecca Delaney/Drew Nicol

The European Securities and Markets Authority has published the results of its third stress test exercise for the EU’s 16 CCPs which found that “concentrated positions represent a significant risk”

EACH responds to ESMA’s EMIR REFIT report
03 July 2020 Brussels
Reporter: Maddie Saghir

EACH has responded to the ESMA first report for the consultation “Technical standards on reporting, data quality, data access and registration of Trade Repositories under EMIR REFIT”

ISDA, EBF and FIA write to ESMA on clearing regulatory technical standards
10 June 2020 London
Reporter: Maddie Saghir

The associations have set out steps for ESMA to undertake to prevent market participants from having to initiate and execute costly operational, legal and contractual compliance processes

ESMA publishes final report on FRANDT clearing services
03 June 2020 Brussels
Reporter: Maddie Saghir

ESMA’s technical advice details how to specify the conditions under which the commercial terms for the provision of clearing services are to be considered FRANDT

MiFID II Review: EFAMA calls for changes to investor protection rules
22 May 2020 Brussels
Reporter: Maddie Saghir

EFAMA shows support for MiFID II and MiFIR framework but calls for improvements to professional investors to enhance market transparency