February & March 2021
Europe
ESMA
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ESMA launches a common supervisory action with NCAs on MiFID II product governance rules
ESMA highlights risks to retail investors of social media-driven share trading
ESMA publishes the results of the annual transparency calculations for equity and equity-like instruments
ESMA issues latest double-volume-cap data
ESMA will not renew its decision on reporting of net short positions of 0.1% or higher
ESMA clarifies application of position limits pending MiFID II amendment
ESMA promotes coordinated action on the suspension of best-execution reports
ESMA updates Q&A on inducements
EUROPEAN SUPERVISORY AUTHORITIES
ESAs publish final report and draft RTS on disclosures under SFDR
EUROPEAN SYSTEMIC RISK BOARD
Paper on cross-border derivatives linkages
LEGISLATION
Corrigendum to Regulation 2019/876
Directive 2021/338 amending information requirements, product governance and position limits
Delegated Regulation 2021/527 amending thresholds for weekly position reporting
ESMA finalises rules on standardised information to facilitate cross-border distribution of funds
ESMA provides the Commission input on improvements for ELTIF
ESMA proposes rules for alignment on taxonomy of non-financial undertakings and asset managers
ESMA assesses compliance with UCITS liquidity rules and highlights areas to be monitored
ESMA updates AIFMD Q&As
ESMA updates UCITS Q&As
ESMA consults on the framework for EU money market funds
Spain
CNMV
Statement on the application of Regulation 2019/2088
ESMA publishes report on proposed fees for benchmark administrators
ESMA updates Q&As on MiFID II and MiFIR market-structure matters
ESMA publishes guidelines to harmonise CCP supervisory reviews and evaluation under EMIR
ESMA publishes second annual report on waivers and deferrals for non-equity instruments
ESMA launches consultation on methodology to calculate a benchmark in exceptional circumstances
ESMA updates Brexit statement on provisions of the Benchmark Regulation
ESMA proposes amendments to MiFIR transactions and reference data-reporting frameworks
ESMA updates EMIR Q&As
ESMA updates CSDR Q&As
ESAs publish joint Q&As on bilateral margining
Delegated Regulation 2021/237, amending the date at which the clearing obligation takes effect for certain types of contracts
Targeted consultation on the review of the Directive on settlement finality in payment and securities settlement systems
ESMA publishes first Q&As on crowdfunding
ESMA sees high risk for investors in non-regulated crypto assets
ESMA consults on regulating crowdfunding
ESMA updates Q&As, templates and technical instructions for securitisation reporting
Request to the ESAs for technical advice on digital finance and related issues
Joint statement of the CNMV and the Bank of Spain on the risks of investing in cryptocurrencies
Order ETD/110/2021 of 9 February creates and regulates the Consultative Council for Digital Transformation
In case of any doubts or comments, please do not hesitate to contact
Isabel Aguilar Alonsoisabel.aguilar@uria.com
Pilar Lluesma Rodrigopilar.lluesma@uria.com
Juan Carlos Machuca juancarlos.machuca@uria.com
The information contained in this Newsletter is of a general nature and does not constitute legal advice
