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The European Securities and Markets Authority (ESMA) was founded with effect from January 2011 by means of Regulation (EU) No 1095/2010 of the European Parliament and of the Council as the successor organisation to the Committee of European Securities Regulators (CESR) and is part of the European System of Financial Supervision (ESFS). ESMA’s primary aims are to improve investor protection as well as to ensure the integrity, transparency and efficient functioning of the securities markets. Additional important fields of activity include – in addition to the drafting of Technical Standards, Guidelines and opinions – the promotion of supervisory convergence, the creation of a Single Rulebook and direct supervision. ESMA has competences in the operational supervision of credit rating agencies (CRAs) and trade repositories (TRs) as well as the corresponding supervisory measures and sanctioning Options.

Term-Nr.: 344

German: Europäische Wertpapieraufsichtsbehörde (ESMA) (320)

Source: FMA AT m. e. E., 30.10.2018

Notice: The contents of this terminology collection Lawpedia® with a focus on business law (especially financial market law) have been researched with great care and compiled on the basis of an extensive flash card, training materials and literature. The various sources (as far as they could be found) can be found in the abbreviations and source references. References to other sources are welcome. Despite the care taken, the provider cannot accept any liability for the accuracy, completeness and topicality of the information provided. The information is of a general nature in particular and does not constitute legal advice in individual cases.

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