ESMA CONSULTS ON DEROGATION CRITERIA FOR DATA REPORTING SERVICES PROVIDERS
Published By Europa [English], Fri, Nov 20, 2020 5:10 AM
The European Securities and Markets Authority, the EU’s securities markets regulator, today launches a public consultation on criteria to identify Authorised Reporting Mechanisms (ARMs) and Approved Publications Arrangements (APAs) subject to authorisation and supervision by a competent authority of a EU Member States from January 2022.
Following the ESAs’ Review, authorisation and supervision of data reporting services providers (DRSP) will move from competent authorities to ESMA. The revised regulation envisages that certain ARMs and APAs may be exempted from direct EU supervision due to their limited relevance for the internal market.
The aim of this consultation is to provide technical advice to the European Commission on such derogation criteria, in particular on:
The consultation closes on 4 January 2021. ESMA will consider the feedback received from stakeholders in providing the technical advice to the Commission, and aims to publish its final report in Q1 2021.
Press release distributed by Media Pigeon on behalf of Europa, on Nov 20, 2020. For more information subscribe and follow