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Latest news from EU institutions and bodies (557)

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  • 4 July 2024
Statement by the High Representative on behalf of the European Union on the alignment of certain third countries with Council Decision (CFSP) 2024/1770 of 24 June 2024 concerning restrictive measures in view of Russia’s actions destabilising the situation in Ukraine.
  • 4 July 2024
Statement by the High Representative on behalf of the European Union on the alignment of certain third countries with Council Decision (CFSP) 2024/1709 of 17 June 2024 amending Decision 2014/386/CFSP concerning restrictive measures in response to the illegal annexation of Crimea and Sevastopol.
  • 4 July 2024
Statement by the High Representative on behalf of the European Union on the alignment of certain third countries with Council Decision (CFSP) 2024/1603 of 31 May 2024 amending Decision (CFSP) 2016/849 concerning restrictive measures against the Democratic People’s Republic of Korea.
  • 3 July 2024
Registration now open for 11th Joint ESAs Consumer Protection Day in Budapest 03 July 2024 Investor protection Joint Committee Sustainable finance The registration for the 11th Joint Consumer Protection Day organised by the three European Supervisory Authorities (EBA, EIOPA and ESMA – ESAs) on 3 October 2024 in Budapest, Hungary is now open. Interested stakeholders can register until 2 September 2024. The event aims to unite thought leaders from consumer organisations, regulatory authorities, EU institutions, academia, and key market participants from across the European Union to discuss significant issues in consumer protection within financial services.  Discussions will focus on following themes: Artificial intelligence in financial services, access to consumer centric products and services and sustainable finance (SFDR). The Joint Consumer Day is hosted by the Central Bank of Hungary (MNB – Magyar Nemzeti Bank) during Hungary's Presidency of the European Union, this year’s Consumer Protection Day will be held at the Lámfalussy Conference Centre in Budapest. Registration Interested stakeholders can register via this link no later than 2 September 2024.  Participants are encouraged to register early due to limited seating. The ESAs recommend in-person attendance to ensure optimal expert exchanges and networking opportunities.  For more information about the event, please visit the event’s page.
  • 3 July 2024
EBA and ESMA publish guidelines on suitability of management body members and shareholders for entities under MiCA 27 June 2024 Digital Finance and Innovation The European Banking Authority (EBA) and the European Securities and Markets Authority (ESMA) today published joint guidelines on the suitability of members of the management body, and on the assessment of shareholders and members with qualifying holdings for issuers of asset reference tokens (ARTs) and crypto-asset service providers (CASPs), under the Markets in Crypto Assets regulation (MiCA). These two sets of guidelines are part of the EBA and ESMA‘s ongoing efforts to foster a transparent, secure, and well-regulated crypto-assets market, and complement the recently published governance package. The first set of guidelines covers the presence of suitable management bodies within issuers of ARTs and CASPs, contributing to increase the trust in the financial system. Having robust governance arrangements in place will foster confidence in those assets and services, supporting the development of a healthy crypto-asset ecosystem. It provides common criteria to assess the knowledge, skills, experience, reputation, honesty and integrity of members of the management body, as well as if they can commit sufficient time to perform their duties to ensure a sound management of these entities. The second set of guidelines concerns the assessment of the suitability of shareholders or members with direct or indirect qualifying holdings in a supervised entity. This assessment is a key aspect of the gatekeeping function exercised by supervisory authorities, considering the significant influence that these persons may exercise on the management of the supervised entity.  It equips competent authorities with a common methodology to assess the suitability of the shareholders and members with direct or indirect qualifying holdings for the purpose of granting authorisation as issuers of ARTs or as CASPs, and for carrying out the prudential assessment of proposed acquisitions.   More information: Cristina Bonillo Senior Communications Officerpress@esma.europa.eu 27/06/2024 ESMA75-453128700-10 Joint EBA and ESMA guidelines on suitability of management body members and shareholders for entities under MiCA 28/06/2024 ESMA75-453128700-1078 Annex I - Joint EBA and ESMA GL on the assessment of suitability MiCAR
  • 3 July 2024
ESMA appoints new members of its Securities and Markets Stakeholder Group 21 June 2024 About ESMA Securities and Markets Stakeholder Group The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has appointed new members of its Securities and Markets Stakeholder Group (SMSG). On 1 July 2024 the new members will start their four-year term, during which they will provide ESMA with advice on its policy work and will be consulted on technical standards and guidelines.  Verena Ross, ESMA’s Chair, said:  “Congratulations to the newly selected SMSG members. I believe that with their strong expertise, diverse professional backgrounds and broad geographical representation, we have ensured ESMA will be receiving different stakeholder views and input from across the European Union. ESMA works to enhance investor protection, build more effective and attractive capital markets in the European Union and safeguard financial stability. This is why I look forward to hearing the SMSG members’ perspectives on market developments and to receiving valuable advice on numerous files under ESMA’s remit. I would like to thank the outgoing SMSG members for their dedication to the role and their contributions during the last four years. My special gratitude goes to the SMSG Chair, Veerle Colaert, for all her support and the excellent coordination of the group. During its tenure, the outgoing SMSG gave ESMA relevant and valuable stakeholder feedback and advice on the European capital market regulatory framework.”   List of the members of the Securities and Markets Stakeholder Group The successful candidates were selected from a field of 171 eligible applicants. The individuals listed below will make up the SMSG for four years commencing on 1 July 2024. New SMSG members will hold their first meeting on 5 July 2024. Name Nationality Position Academics Barbara Alemanni Italy Full professor of financial markets and institutions, University of Genoa; Affiliate professor – financial markets and institution and Research fellow CAREFIN, Bocconi University Gabriela Ariadna Dumitrescu Romania Associate Professor of Finance, ESADE Business School Morten Kinander Norway Professor of Law, BI Norwegian Business School; Director Center for Financial Regulation, BI Norwegian Business School Giovanni Petrella Italy Full Professor of Banking, Catholic University, Milan Consumer Representatives Monica Calu Romania Member in Advisory Council at the Central Level, National Authority for Consumer Protection, Bucharest Kęstutis Kupšys Lithuania Vice President, Vartotojų Aljansas - Lithuanian Consumers Alliance Aleksandra Maczynska Poland Acting Managing Director, BETTER FINANCE Guillaume Prache France Executive President, Fédération des Associations Indépendantes de Défense des Epargnants pour la Retraite (FAIDER) - Federation of Independent Associations for Retirement Savers Agustin Reyna Belgium Director General, Bureau européen des unions de consommateurs – the European consumer organisation (BEUC) Christian Martin Stiefmueller Austria Senior Adviser, Research & Advocacy, Finance Watch Users of Financial Services Christiane Hölz Germany Lawyer, Managing Director, Deutsche Schutzvereinigung für Wertpapierbesitz e.V. (DSW) Sari Lounasmeri Finland Chief Executive Officer of Pörssisäätiö - Finnish Foundation for Share Promotion Employee Representatives Chris Vervliet Belgium Deputy Secretary & Member of Select Committee European Works Council at KBC Group, KBC Asset Management, Brussels (Belgium); member UNIEuropa Small and Medium Enterprises Andrus Alber Estonia Member of the Supervisory Council, Swedbank Investment Funds; Member of the Board, Finance Estonia Henning Bergmann Germany Chief Executive Officer of Der Mittelstandsverbund – ZGV e.V. - SME Groups Germany Nikolaos Daskalakis Greece Advisor to GSEVEE, the Greek Confederation of SMEs Ville Kajala Finland Senior Advisor, Company and Securities Law, Corporate Governance, Finland Chamber of Commerce Financial Market Participants Rosa Armesto Spain Director General, Federation of European Securities Exchanges (FESE); Lecturer, Solvay Brussels School of Economics and Management Florence Bindelle Belgium Secretary General, EuropeanIssuers Urban Funered Sweden Chief Executive Officer, Swedish Securities Markets Association; Chairman and Board Member, Swedsec Licensiering; Chairman and Board Member, International Council of Securities Associations Stephane Giordano France Head of Regulatory Strategy Team for Investment Banking Activities, Société Générale; Chairman, L'Association française des marchés financiers (AMAFI) - French financial market association Emma Lokko Ireland Head of Market Structure EMEA, Susquehanna International Group Limited Ana Martínez-Pina Spain Partner, Lawyer of Financial Regulation, Gómez-Acebo & Pombo Jacqueline Mills Belgium Managing Director, Head of Advocacy, Association for Financial Markets in Europe (AFME) Nicolas Pfaff France Deputy Chief Executive and Head of Sustainable Finance, International Capital Market Association (ICMA) Thomas Richter Germany CEO, BVI German Investment and Asset Management Association Virginie Saade France Managing Director, Head of Government and Regulatory Policy, EMEA, CITADEL Lucas Schmeddes Netherlands President & COO ICE Endex, Intercontinental Exchange Miroslav Singer Czechia Chief Economist, Director for Institutional Relationships, Generali CEE Holding; Supervisory Board Deputy Chairman, Moneta Money Bank; Economics Lecturer, Prague University of Economics and Business Tanguy van de Werve  Belgium General Director, European Fund and Asset Management Association (EFAMA)   Further information: Aleksandra Bojanić Senior Communications Officer@ press@esma.europa.eu 21/06/2024 ESMA71-545613100-2498 ESMA appoints new members of its Securities and Markets Stakeholder Group - Press Release