Europe ETF News for the Past Year
ESMA publishes latest edition of its newsletter
October 2, 2024--The European Securities and Markets Authority (ESMA), the EU's financial markets regulator and supervisor, has today published its latest edition of the Spotlight on Markets Newsletter.
Your one-stop-shop in the world of EU financial markets focuses in August and September on our Chair's contributions at various events on the effectiveness and attractiveness of capital markets in the context of the ESMA Position Paper launched last May.
Her speeches emphasise the idea of further stimulating investment in the EU and helping connecting companies and investors to make the vast pool of European savings work for the EU economy..
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Source: ESMA
ESMA 2025 Work Programme: Focus on key strategic priorities and implementation of new mandates
October 1, 2024--ESMA, the EU's financial markets regulator and supervisor, has published its 2025 Annual Work Programme (AWP), which reaffirms ESMA’s strategic orientation and commitment to safeguarding resilient, transparent, and sustainable European financial markets.
ESMA has contributed to the ongoing discussion of how to make European capital markets more efficient and attractive, and in 2025 will advance on those aspects within its control, while working with the co-legislators and others to support the construction of the European Savings and Investment Union.
A significant portion of ESMA's work in 2025 will comprise policy work to facilitate the implementation of the large number of mandates received in the previous legislative cycle, and the preparation of new mandates, such as the European Green Bonds and the ESG Rating Providers Regulations. Following the adoption of EMIR 3, ESMA will take on new responsibilities and develop a substantial number of technical standards, including for the new Active Account Requirement.
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Source: ESMA
ESMA announces next steps for the selection of Consolidated Tape Providers
September 30, 2024--The European Securities and Markets Authority (ESMA), the EU's financial markets regulator and supervisor, is publishing additional details on the selection of Consolidated Tapes Providers (CTPs) for bonds and for shares and Exchange-Traded Funds (ETFs).
ESMA will launch the selection procedure for the CTP for bonds on Friday 3 January 2025.
This is the first working day for EU Institutions after Sunday 29 December 2024, the date set out in Article 27da(1) of MiFIR. ESMA intends to adopt a reasoned decision on the selected applicant within 6 months of the launch, i.e. by early July 2025.
In June 2025, ESMA will launch the selection procedure for the CTP for shares and ETFs with the objective to adopt a reasoned decision on the selected applicant by the end of 2025.
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Source: ESMA
Esma advisory group warns ETFs will be hit by T+1 move
September 26, 2024--Stakeholder group calls for temporary suspension of penalties for failed trades when EU moves to one-day trade settlement
Exchange traded funds will be particularly vulnerable to settlement fails when the EU moves to shorten its two-day trade settlement cycle (T+2) to T+1, an advisory group to the European regulator has warned.
The Securities Markets Stakeholder Group has called on the European Securities and Markets Authority to consider excusing the ETF industry from trade penalties, pointing out that due to the complexity of the European post-trading landscape "the move to T+1 in the EU could result in a temporary increase in settlement fails".
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Source: ft.com
LSEG looking to sell $669.50mln stake in Euroclear, Sky News reports
September 24, 2024--LSEG has hired J.P. Morgan to sell off its 4.9% interest in Euroclear
The London Stock Exchange's owner is looking to offload its stake in Belgium-based financial services company Euroclear, in a deal that could generate proceeds of about 500 million pounds ($669.50 million), Sky News reported on Tuesday.
LSEG has hired J.P. Morgan to sell off its 4.9% interest in Euroclear, according to the report.
The British exchange operator bought a minority stake in Euroclear in 2019 for 278.5 million euros ($310.75 million) to strengthen its influence over core market infrastructure.
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Source: zawya.com
UK official holdings of international reserves: September 2024
September 18, 2024--A comparison of independent forecasts for the UK economy in September 2024.
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Source: gov.uk
