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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.
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.
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.
President of the Eurogroup, Paschal Donohoe, is travelling to Greece on 4 July and France on 5 July.
European Commission Speech Brussels, 03 Jul 2024 Distinguished Guests,
I am so pleased to welcome you to this event on an issue that has been the compass of my mandate and even my whole political career: tackl...
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.
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
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