On July 21, the European Supervisory Authorities (ESAs) (consisting of the European Securities and Markets Authority (ESMA), the European Insurance and Occupational Pensions Authority (EIOPA) and the European Banking Authority (EBA)) informed the European Commission in a letter of the outcome of the review conducted by the ESAs of the key information document (KID) for packaged retail and insurance-based investment products (PRIIPs).
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EBA Publishes Action Plan on Sustainable Finance
Posted in EU Developments, Financial Markets
On December 6, the European Banking Authority (EBA) published its action plan on “Sustainable Finance” (the Action Plan), available here.
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EIOPA Consults on Opinion on Sustainability Within Solvency II
Posted in EU Developments, Financial Markets
On June 3, the European Insurance and Occupational Pensions Authority (EIOPA) published a consultation paper on a draft opinion on sustainability within the Solvency II Directive, following a request from the European Commission in August 2018.
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Warning to Consumers on Virtual Currency Risks Issued by EBA, EIOPA and ESMA
On February 12, the European Banking Authority (EBA), the European Insurance and Occupational Pensions Authority (EIOPA) and the European Securities and Markets Authority (ESMA) (collectively the three European Supervisory Authorities (three ESAs)) published a joint warning to consumers relating to the high risks of buying and/or holding virtual currencies (such as Bitcoin, Ether and Ripple).
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ESMA Publishes Opinions on Pension Schemes To Be Exempt From EMIR Clearing Obligations
By Carolyn H. Jackson on
Posted in Derivatives, EU Developments
On February 2, the European Securities and Markets Authority (ESMA) published a set of opinions to exempt 16 UK-based pension schemes from clearing obligations contained in the European Market Infrastructure Regulation (EMIR).
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