The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has today published the latest edition of its Spotlight on Markets Newsletter.

Your one-stop-shop in the world of EU financial markets features in July an article on the development of key retail risk indicators (RRIs) for the EU single market. The identified RRIs highlight risks around inexperienced investors, the use of digital tools by younger investors, and spikes in overall trading during periods of market stress.

ESMA has also published the results of the fourth stress test exercise of Central Counterparties (CCPs). The report includes both EU and Tier 2 Third Country CCPs and covers both credit and concentration risks, with targeted improvements in the methodology compared to the previous exercises. In addition, ESMA released its annual peer review report on the supervision of EU CCPs by National Competent Authorities.

Concerning prospectuses, we put forward a Peer Review Report on the scrutiny and approval procedures of prospectuses by competent authorities and a Public Statement on prospectus supervision in the context of EU sanctions over Russia’s invasion of Ukraine.

Last, ESMA opened a call for candidates for its Securities and Markets Stakeholders Group (SMSG). Applicants representing stakeholders active in the EU are invited to apply by 16 September 2022.

Other key publications:

Reappointment of Veerle Colbert as Chair of the SMSG;
Call for Evidence on pre-hedging;
Guidelines on common procedures and methodologies for the supervisory review and evaluation process for investment firms;
Opinion on the classification of third-country counterparties; and
ESAs annual report on the extent of voluntary disclosure of principal adverse impact under the Sustainable Finance Disclosure Regulation.
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