Esma: making time for ETFs


The European Securities and Markets Authority (Esma) has a lot of balls to juggle. A September 30 deadline for the completion of technical standards related to the European Market Infrastructure Regulation (Emir) is looming, requiring Esma to draw up guidelines on everything from which products will be required to clear, to the authorisation of clearing houses.

That’s just one item on the supervisor’s to-do list, though. It is also working on a revised Markets in Financial Instruments Directive

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