Europe News
The latest industry and regulatory news affecting the EU and the UK
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FIA EPTA response to the EBA Consultation Paper on the Draft Guidelines on common procedures and methodologies for the SREP under IFD
FIA EPTA welcomes the opportunity to respond to the EBA Consultation Paper on the Draft Guidelines on common procedures and methodologies for the supervisory review and evaluation process (SREP) under IFD. FIA EPTA members believe that the overarching principle of proportionality, which stems from the Level 1 legislation, should be applied across all topics covered in the Draft Guidelines and the elaboration of that principle in the regulation should be guaranteed.
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Trade associations warn European Commission on carbon market intervention
FIA and nine industry bodies have co-signed a letter expressing concern that the European Commission may be considering intervention in the EU Emissions Trading System, either through position limits or some other action, ahead of the publication of the European Securities and Markets Authority’s final report on trading behaviour in the EU carbon market.
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FIA EPTA letter to the EC on the treatment of exchange-traded derivatives in the draft RTS methodology for the Taxonomyalignment ratio – unintended consequences for the green transition
FIA EPTA and FIA are concerned by current proposals under the Taxonomy and Sustainable Finance Disclosure Regulation (SFDR) that would in effect restrain the use of listed derivatives by market participants and restrict the amount of capital that can be made available for a sustainable transition.
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FIA submits joint response to six ESMA consultations on CCP resolution
As part of their level-2 rulemaking, the European Securities and Markets Authority (ESMA) consulted on six topics around central counterparty (CCP) resolution.
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FIA and ISDA submit joint response to ESMA paper on clearing thresholds under EMIR
On 19 January, FIA and ISDA jointly submitted its respond to ESMA's Discussion Paper on the review of the clearing thresholds under EMIR.
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FIA responds to proposed updated IOSCO commodities principles
FIA has filed a response to a consultation report on principles for the regulation of commodity derivatives from the Board of International Organization of Securities Commissions (IOSCO). The report, published in November 2021, aimed to reflect changes and developments in commodities derivatives markets since the publication of the existing IOSCO Principles for the Regulation and Supervision of Commodity Derivatives in 2011.
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FIA EPTA response to the ESMA Call for evidence On the European Commission mandate on certain aspects relating to retail investor protection
FIA EPTA appreciates the opportunity to provide feedback to the European Securities and Markets Authority (ESMA) on the call for evidence On the European Commission mandate on certain aspects relating to retail investor protection. FIA EPTA considers that regulatory measures should be taken to encourage and highlight the benefits of exchange-listed products.
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FIA EPTA response to the ESMA consultation paper ESMA Consultation Paper on the Review of the MiFID II framework on best execution reports
FIA EPTA welcomes the opportunity to respond to ESMA Consultation Paper on Review of the MiFID II framework on best execution reports. FIA EPTA would welcome the opportunity to provide further background to ESMA on the issues raised in our response. FIA EPTA agrees with the proposed change in scope of execution venues i.e. that execution venues for the purpose of the best execution reporting regime for execution venues (RTS 27) should not include ‘market makers’.
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FIA welcomes ESMA's approach to CSDR Settlement Discipline Regime
FIA and other trade associations welcome clarification from ESMA that national competent authorities are expected not to prioritise supervisory actions in relation to the application of the CSDR buy-in regime.
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Two-thirds of European market makers plan to expand ESG liquidity provision
Market makers see growing demand from investors in ESG exchange-traded funds
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