Tagged: european securities and markets authority

European Securities and Markets Authority (ESMA) Launches Selection Procedure for Bonds

​The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, is launching the first selection procedure for the Consolidated Tape Provider (CTP) for bonds. Entities interested to apply are encouraged to register and submit their requests in order to participate in… Read More

ESMA Releases Report Providing Assessment of Shortening of Settlement Cycle in EU

The European Securities and Markets Authority (ESMA), which is the EU’s financial markets regulator and supervisor, has recently released its Final Report providing the assessment of the shortening of the settlement cycle in the EU. The report aims to highlight that the increased efficiency and… Read More

European Securities and Markets Authority (ESMA) Shares Details on DLT Securities Pilot Regime, Now Applied Across EU

The European Securities and Markets Authority (ESMA) noted that the DLT Pilot Regime has started applying in the European Union (EU) as of 23 March 2023. ESMA explained in an update that it provides the legal framework for trading and settlement of transactions in crypto-assets… Read More

There are Now 30 ECSPR Approved Investment Crowdfunding Platforms in the EU

We last looked at the ECSPR [European Crowdfunding Service Providers Regulation] approved crowdfunding platforms in March 2023. At that time, 21 approved securities crowdfunding platforms were allowed to provide services across all European Union member states. ECSPR allows a platform to list securities from private… Read More

MiCA or Markets in Crypto-Assets, Will Make the EU a Digital Asset Friendly Jurisdiction as Legislation Approved by European Parliament

The European Parliament has adopted MiCA or Markets in Crypto-Assets regulation. This legislative development means the European digital asset (crypto-asset) will now have a bespoke regulatory framework, allowing all EU member states to provide services under a harmonized environment. After several delays, MiCA was approved… Read More

European Securities and Markets Authority (ESMA) DLT Pilot Regime Live as 50+ Security Tokens Given DTI Identifiers

The European Securities and Markets Authority (ESMA)’s Digital Ledger Technology (DLT) Pilot regime is applicable from March 23, 2023, according to an update shared with CI. The Pilot reportedly “allows some exemptions from the EU’s MiFIR and CSDR regimes, making it easier for market participants… Read More

The List of Approved European Crowdfunding Platforms Grows

In 2020, rules were approved by the European Union to facilitate cross-border online capital formation for issuers raising up to €5 million. For platforms, they must seek approval from the relevant authority in their home member state. While the process has been a bit slow,… Read More

First List of European Crowdfunding Platforms Under ECSPR Posted

In November of 2021, the European Union adopted new rules that allow securities crowdfunding platforms to raise capital across all member states. The move has been welcomed by the industry as it will remove national barriers enabling firms to raise up to €5 million across… Read More

ESMA Starts Consultation on Distributed Ledger Technology

The European Securities and Markets Authority (ESMA) has commenced a consultation on distributed ledger technology (DLT) or blockchain. The goal is to establish “consistent, efficient and effective supervisory practices within the European System of Financial Supervision (ESFS) and to ensure the common, uniform and consistent… Read More

ESMA Tells European Crowdfunding Platforms to Speed Things Up in Transitioning to New Pan-European Regime

The European Securities and Markets Authority (ESMA) has posted a statement encouraging crowdfunding providers to speed things up in migrating to the new pan-European rules. At the end of 2021, the European Union approved a new regulatory regime that enables issuers to raise capital online… Read More

New ESMA Guidelines on European Crowdfunding Could Have Cooling Effect on Sector

Earlier this week, the European Securities and Markets Authority (ESMA) published an updated Q&A on the pan-European crowdfunding rules. Updated rules, called European Crowdfunding Service Providers Regulation (ECSPR), became actionable last November but questions remain and European member states are still sorting things out. To help… Read More

European Securities and Markets Authority Issues Updated Q&A About EU Crowdfunding Rules

The European Securities and Markets Authority (ESMA) has issued another Q&A about the pan-European securities crowdfunding rules. Updated rules addressing cross-border securities offerings or the European Crowdfunding Service Providers Regulation (ECSPR) went into effect across the entire European Union (EU) last November. But interested platforms must be approved… Read More

It is Now Legal to Crowdfund Across All of the European Union But Challenges Remain

Earlier this month, the European Crowdfunding Service Providers Regulation (ECSPR) went into effect across the entire European Union. A dramatic step forward in removing internal borders in regards to capital formation, and part of the overall Fintech Action plan, the regulation allows firms in need… Read More

ESMA Publishes Final Report on Technical Standards for European Crowdfunding Service Providers

The European Securities and Markets Authority (ESMA) has published its final report on the “Draft  Technical Standards under the European Crowdfunding Service Providers for Business Regulation.” As was previously reported, European Crowdfunding Service Providers Regulation (ECSPR) goes into effect today. This enables issuers to raise… Read More

Harmonized European Crowdfunding Rules Go Into Effect

Harmonized European crowdfunding laws commence today (November 10, 2021). After years of engagement by industry leaders, largely due to the efforts of EuroCrowd, issuers may now utilize investment platforms to sell securities across all EU member states. The European Crowdfunding Service Providers Regulation (ECSPR) rules… Read More

ESMA Fines DTCC Derivatives Repository Plc for Infringements of European Market Infrastructure Regulation

The European Securities and Markets Authority (ESMA), the European Union’s securities markets regulator, has reportedly fined DTCC Derivatives Repository Plc (DDRL) a total of €408,000 for seven infringements of the European Market Infrastructure Regulation (EMIR). The violations are related to (or involve) data confidentiality, data… Read More

European Securities and Markets Authority: Deadline for Comments on European Crowdfunding Service Providers Consultation Due this Week

This past February, the European Securities and Markets Authority (ESMA) announced a consultation on technical standards for the Europea Crowdfunding Service Providers Regulation (ECSPR). The move was part of the European Union’s announced harmonization of investment crowdfunding rules. For years, industry insiders and advocacy groups,… Read More

ESMA Initiates Call for Evidence on Digital Finance

European securities regulator, the European Securities and Markets Authority (ESMA), has issued a “call for evidence” on digital finance. According to a statement posted by the ESMA, they are seeking information on “value chains,” platforms, and financial/non-financial services. The initiative is part the EU’s goal… Read More

European Securities and Markets Authority Drafts Standards for Pan European Crowdfunding Rules: Industry Prepares to Provide Feedback

This past week the European Securities and Markets Authority (ESMA) issued a consultation paper addressing standards for the previously approved pan-European crowdfunding regulation. As covered in the past, the European Union has passed legislation to enable online securities offerings across its member nations. After many… Read More

Karsten Wenzlaff of the German Crowdfunding Association Provides Insight into Harmonization of Pan-European Crowdfunding Rules

Last year, the European Union approved pan-European crowdfunding rules that will apply to all member states thus finally offering a harmonized approach to online capital formation. Crowdfunding advocates and European platforms had long recognized the unnecessary friction intrinsic to raising capital based on national regulations… Read More

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