ESMA recommends action by financial market participants for COVID-19 impact

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Home > ESMA recommends action by financial market participants for COVID-19 impact test

ESMA RECOMMENDS ON THE SAME TOPIC

ACTION BY FINANCIAL
MARKET PARTICIPANTS ESMA CONSULTS ON MIFIR
TRANSPARENCY REGIME FOR NON-
EQUITY INSTRUMENTS

FOR COVID-19 IMPACT 10 March 2020

The European Securities and Markets
Authority (ESMA), the EU...

11 March 2020
RESPOND
BOARD OF SUPERVISORS CORPORATE DISCLOSURE CORPORATE FINANCE
ESMA70-156-
FUND MANAGEMENT MARKET ABUSE MARKET INTEGRITY POST TRADING 2189_CP_REVIEW_REPORT_TRANSPARE
NCY_NON-EQUITY_TOD.PDF
PRESS RELEASES TRADING

The European Securities and Markets Authority (ESMA), ESMA CONSULTS ON DRAFT
TECHNICAL STANDARDS FOR
together with National Competent Authorities (NCAs), is closely BENCHMARKS
monitoring the situation in view of the continuing impact of the 09 March 2020

COVID-19 outbreak on financial markets in the European Union The European Securities and Markets
Authority (ESMA), the EU...
(EU).
ESMA70-156-
1464_CONSULTATION_PAPER_BENCHMA
Following a Board of Supervisors discussion examining the market situation and RKS_RTS.PDF
contingency measures taken by supervised entities, ESMA is making the
following recommendations to financial market participants:

·         Business Continuity Planning – All financial market participants, including ESMA’S SUPERVISION FOCUSES ON
infrastructures should be ready to apply their contingency plans, including OUTSTANDING CREDIT RATINGS,
deployment of business continuity measures, to ensure operational continuity in DATA QUALITY AND THIRD COUNTRY
line with regulatory obligations; CCPS
09 March 2020
·         Market disclosure – issuers should disclose as soon as possible any The European Securities and Markets
relevant significant information concerning the impacts of COVID-19 on their Authority (ESMA) has...
fundamentals, prospects or financial situation in accordance with their
transparency obligations under the Market Abuse Regulation; ESMA71-99-
1287_ESMA_SUPERVISION_WP_2020.PDF
·         Financial Reporting – issuers should provide transparency on the actual
and potential impacts of COVID-19, to the extent possible based on both a
qualitative and quantitative assessment on their business activities, financial
situation and economic performance in their 2019 year-end financial report if MIFID II: ESMA ISSUES LATEST
these have not yet been finalised or otherwise in their interim financial reporting DOUBLE VOLUME CAP DATA
disclosures; and 06 March 2020
The European Securities and Markets
·         Fund Management – asset managers should continue to apply the Authority (ESMA) has...

https://www.esma.europa.eu/press-news/esma-news/esma-recommends-action-financial-market-participants-covid-19-impact[12/03/2020 10:40:16]
ESMA recommends action by financial market participants for COVID-19 impact

requirements on risk management, and react accordingly.

ESMA, in coordination with NCAs, continues to monitor developments in ESMA PUBLISHES TRANSLATIONS
financial markets as a result of the COVID-19 situation and is prepared to use its FOR GUIDELINES ON MMF STRESS
powers to ensure the orderly functioning of markets, financial stability and TESTS
investor protection. 03 March 2020
The European Securities and Markets
Authority (ESMA) has...

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https://www.esma.europa.eu/press-news/esma-news/esma-recommends-action-financial-market-participants-covid-19-impact[12/03/2020 10:40:16]