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#DigitalFinanceEU | #ESMA published the Final Report under the Markets in Crypto-Assets Regulation #MiCA covering draft technical standards that aim to provide more transparency for retail investors, clarity for providers on the technical aspects of disclosure and record-keeping requirements, and data standards to facilitate supervision by National Competent Authorities → https://lnkd.in/d5AxuX98. In detail 🎯 sustainability indicators for crypto-asset consensus mechanisms 🎯 business continuity measures for crypto-asset service providers (CASPs) 🎯 trade transparency 🎯 content and format of orderbooks and record-keeping by CASPs 🎯 machine readability of white papers and the register of white papers 🎯 public disclosure of inside information

#MiCA #Transparency #retailinvestor New MiCA rules increase transparency for retail investors The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has published the second Final Report under the Markets in Crypto-Assets Regulation (MiCA) covering eight draft technical standards that aim to provide more transparency for retail investors, clarity for providers on the technical aspects of disclosure and record-keeping requirements, and data standards to facilitate supervision by National Competent Authorities (NCAs).    The final report includes the following draft technical standards:  - sustainability indicators for crypto-asset consensus mechanisms;  - business continuity measures for crypto-asset service providers (CASPs);  trade transparency;  - content and format of orderbooks and record-keeping by CASPs;  - machine readability of white papers and the register of white papers; and  - public disclosure of inside information. For further information, pls see below. Best regards, Hartmut Renz https://lnkd.in/eUesaw8A

ESMA 2025 Work Programme: Focus on key priorities and implementing new mandates ESMA, the EU’s financial markets regulator, has published its 2025 Annual Work Programme, focusing on resilient, transparent, and sustainable European markets. Key priorities include supporting the European Savings and Investment Union, implementing new mandates like European Green Bonds and ESG regulations, and preparing for the new Active Account Requirement under EMIR 3. In 2025, ESMA will oversee the first Consolidated Tape Provider to enhance market transparency and ensure effective implementation of MiCA for Crypto Assets Services Providers. ESMA will also focus on retail investor protection and coordinated supervision across the EU, while advancing its Data Strategy and preparing to launch the European Single Access Point (ESAP) in 2026. #ESMA #FinancialMarkets #EURegulation #SustainableFinance #CapitalMarkets #CryptoRegulation #EuropeanGreenBonds #MiCA #Transparency #InvestorProtection #Supervision #ESAP #FinancialData #2025WorkProgramme https://lnkd.in/dr2b-7Bn

Latest ESMA newsletter with useful updates on #CMU, guidance on the use of #artificialintelligence in #investmentservices , fund names using #ESG and/or #sustainability terms , #MiFIDII marketing requirement and #MiCA.

🚀 ESMA has just published the second Final Report under the Markets in Crypto-Assets Regulation (MiCA). 🌍 This report includes eight draft technical standards designed to enhance transparency for retail investors and provide clarity for providers on disclosure and record-keeping. The document encompasses the following draft technical standards: - Sustainability Indicators 🌱: Introducing indicators for crypto-asset consensus mechanisms to inform about environmental impacts. - Business Continuity 🔄: Establishing measures for crypto-asset service providers (CASPs) to ensure operational resilience. - Trade Transparency 💹: Enhancing transparency for trading activities. - Order books and Record-Keeping 🗃️: Defining the content and format requirements for CASP order books and records. - White paper Readability 🤖: Ensuring white papers and their registers are accessible to humans and machines. - Public Disclosure 🔍: Disclosure of inside information to prevent market abuses like insider dealing. The new standards will benefit market participants, as they define standardized templates and formats for CASP records and define data publication requirements for trading platforms. These new standards will also empower National Competent Authorities (NCAs) with the information necessary to effectively supervise the EU crypto-asset market and ensure transparent disclosure of price-sensitive information. Once finalized, the draft technical standards will be submitted to the European Commission for adoption. The European Commission shall decide whether to adopt them within 3 months.  https://lnkd.in/d5AxuX98

📖 #ESMA Newsletter in its May edition highlights the Position Paper with recommendations for more effective and attractive capital markets in the EU, including a factsheet summarising the key points → https://lnkd.in/dvBf4q8Q. ESMA also issued a statement with initial guidance to firms using Artificial Intelligence technologies when they provide investment services to retail clients, and the guidelines that set out harmonised criteria for the use of ESG and sustainability terms in fund names. Discover also: • 11th Joint ESAs Consumer Protection Day → https://lnkd.in/dBxrAR9R • Final Report on the rules on conflicts of interests of crypto-asset service providers under MiCA → https://lnkd.in/eUf4D74W • Final Report on the 2023 Common Supervisory Action and Mystery Shopping Exercise on marketing → https://lnkd.in/d4EXtu4P • Statement on Pre-close calls → https://lnkd.in/eiSURU5h • Statistics on securities and markets → https://lnkd.in/dikUM_Ze • Call for Evidence on the review of the UCITS Eligible Assets Directive → https://lnkd.in/dcSDW78v Consultations on the MiFIR review: • on non-equity trade transparency, reasonable commercial basis and reference data  → https://lnkd.in/dC25A9pX • on Consolidated Tape Providers and other data reporting service providers → https://lnkd.in/dfdV5DFK • on commodity derivatives under MiFID review → https://lnkd.in/dYwZhs9V

#MiCA European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has published the second Final Report under the Markets in Crypto-Assets Regulation (#MiCA) covering 8 draft technical standards that aim to provide more transparency for retail investors, clarity for providers on the technical aspects of disclosure and record-keeping requirements, and data standards to facilitate supervision by National Competent Authorities (NCAs). The final report published today includes the following draft technical standards: 🔹sustainability indicators for crypto-asset consensus mechanisms; 🔹business continuity measures for crypto-asset service providers (CASPs); 🔹trade transparency; 🔹content and format of orderbooks and record-keeping by CASPs; 🔹machine readability of white papers and the register of white papers; and 🔹public disclosure of inside information. 📌 https://lnkd.in/eP5ipMQm

🕵♀️ 𝐄𝐁𝐀 𝐝𝐫𝐚𝐟𝐭 𝐠𝐮𝐢𝐝𝐞𝐥𝐢𝐧𝐞𝐬 𝐨𝐧 𝐫𝐞𝐬𝐭𝐫𝐢𝐜𝐭𝐢𝐯𝐞 𝐦𝐞𝐚𝐬𝐮𝐫𝐞𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐜𝐨𝐧𝐭𝐞𝐱𝐭 𝐨𝐟 𝐭𝐫𝐚𝐧𝐬𝐟𝐞𝐫𝐬 𝐨𝐟 𝐟𝐮𝐧𝐝𝐬 𝐚𝐧𝐝 𝐭𝐫𝐚𝐧𝐬𝐟𝐞𝐫𝐬 𝐨𝐟 𝐜𝐫𝐲𝐩𝐭𝐨-𝐚𝐬𝐬𝐞𝐭𝐬 In the context of the new Regulation (EU) 2023/1113 that applies as of 30 December 2024 and is dealing with information accompanying transfers of funds and certain crypto-assets, EBA is issuing draft guidelines on internal policies, procedures and controls to ensure the implementation of Union and national restrictive measures when performing transfers of funds and crypto-assets under this Regulation. 👁️🗨️ 𝐎𝐛𝐣𝐞𝐜𝐭𝐢𝐯𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐝𝐫𝐚𝐟𝐭 𝐠𝐮𝐢𝐝𝐞𝐥𝐢𝐧𝐞𝐬 - Ensuring the effectiveness of Union and national restrictive measures 🎯 𝐒𝐜𝐨𝐩𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐝𝐫𝐚𝐟𝐭 𝐠𝐮𝐢𝐝𝐞𝐥𝐢𝐧𝐞𝐬 - Payment service providers and crypto-asset service providers - Transfer of funds and transfer of crypto-assets 🖼 𝐂𝐨𝐧𝐭𝐞𝐧𝐭 𝐨𝐟 𝐭𝐡𝐞 𝐝𝐫𝐚𝐟𝐭 𝐠𝐮𝐢𝐝𝐞𝐥𝐢𝐧𝐞𝐬 - Guidance on roles and responsibilities within the companies - Methodology how to conduct a restrictive measure exposure assessment - Processes to fully and properly implement restrictive measures without delay - Due diligence requirements (initial and ongoing) when choosing a screening system - Steps required when screening customers, analysing alerts, suspending execution of transfers, freezing funds and reporting to national competent authorities - Steps required to be able to detect attempts to circumvent restrictive measures The consultation is open until 25 March 2024 (https://lnkd.in/eStJhhYn). #EBA #AML #Restrictivemeasures #PSP #CASP #PwCLuxembourg #ConsultationPaper

🔷 The European Securities and Markets Authority (ESMA) has published its second Final Report under the Markets in Crypto-Assets Regulation (MiCA), featuring eight draft technical standards aimed at improving transparency for retail investors, providing clarity for service providers, and setting data standards for National Competent Authorities (NCAs). Key highlights include: 🔹 Sustainability indicators for crypto-asset consensus mechanisms 🔹 Business continuity measures for crypto-asset service providers (CASPs) 🔹 Trade transparency requirements 🔹 Orderbooks and record-keeping formats for CASPs 🔹 Machine readability of white papers and the register of white papers 🔹 Public disclosure of inside information These standards ensure the readability of crypto-asset white papers, provide CASP order and transaction record templates, and outline pre- and post-trade transparency data publication. The draft technical standards will be submitted to the European Commission for adoption within three months. 🔗 Stay updated by subscribing to our newsletter, and find the full report via the link in the comments! For any questions about MiCA, feel free to contact us. Willem-Jan Smits Camiel Vermeulen Eline Janssen Rens Kattenbelt Marlinde Nannings

ESMA welcomes our Board of Supervisors and the Securities and Markets Stakeholder Group (SMSG) in the first 2024 meeting in Paris 👏. The Board discussed, amongst other topics, recent market developments in Europe and our upcoming Consultation Package related to the Markets in Crypto Assets Regulation #MiCA. Tomorrow, the SMSG members will exchange views on long-term savings, household participation in capital markets, #DigitalFinanceEU, MiFIR, and #SFDR. We have a busy year ahead of us 🚀. The finalisation of a number of significant legislative projects will shape our work and responsibilities in 2024. ESMA will ensure market and risk monitoring and support the effective implementation of the European regulatory framework related to the digital and sustainability transitions.   Stay close for the publication of the materials following the Board.   🧭 ESMA’s role – https://lnkd.in/eNbA2KrP  🧭 Board of Supervisors – https://lnkd.in/dDdhYFnt  🧭 SMSG – https://lnkd.in/d-MpAZBP   🧭 Work Programme 2024 – https://lnkd.in/dJMJcM-n