In this issue:

- Derivatives

- Regulatory Capital

- Financial Services

- Consumer Protection

- Enforcement

- People

- Hearings

- Excerpt from Derivatives:

ESMA Publishes Final Advice on Procedural Rules to Impose Fines on Trade Repositories -

On 24 January 2014, the European Securities and Markets Authority (“ESMA”) published its final report and technical advice (dated 20 December 2013) to the European Commission on the procedural rules to impose fines and periodic penalty payments on trade repositories under the European Market Infrastructure Regulation (“EMIR”). Under EMIR, ESMA is responsible for authorizing and supervising trade repositories, including imposing fines where a trade repository has intentionally or negligently committed an infringement listed in Annex 1 of EMIR and imposing periodic penalty payments to compel a trade repository to end an infringement or comply with EMIR. The European Commission is responsible for adopting rules of procedure for the exercise of the powers by ESMA. The final report and technical advice will now be considered by the European Commission.

Please see full newsletter below for more information.

LOADING PDF: If there are any problems, click here to download the file.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Shearman & Sterling LLP | Attorney Advertising

Written by:


Shearman & Sterling LLP on:

Readers' Choice 2017
Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:

Sign up to create your digest using LinkedIn*

*By using the service, you signify your acceptance of JD Supra's Privacy Policy.

Already signed up? Log in here

*With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name. Or, sign up using your email address.