Ensuring a Market Structure and a Transparency Regime which facilitate Liquidity, Investors’ choice, and Funding of Companies

06 July 2021

EFAMA and EFSA publish a joint statement on Market Structure and Transparency

An appropriately constructed Consolidated Tape could help to build deeper and more open capital markets in Europe

03 November 2020

EFAMA and EFSA welcome the publication of Market Infrastructure Partners’ Study on the Creation of an EU Consolidated Tape which addresses the challenges, demand, benefits and proposed architecture for consolidating European financial market data.

Reasonable Market Data Costs Benefits the Real Economy

11 February 2020

 The European Fund and Asset Management Association (EFAMA) and the European Forum of Securities Associations (EFSA) jointly publish a statement on the benefits of reasonable market data costs fort he real economy.

MiFID 2 Review

20 January 2020

 MiFID 2/R, in conjunction with Level 2 and Level 3, forms the cornerstone of financial regulation for securities markets in EU. However, there are some areas of MiFID2/R which need recalibration in order to deliver the intended policy outcome and to avoid unintended harm to the market, liquidity and investor choice.  Considering that the timeline for the Commission’s reports on certain parts of MiFID 2/R is approaching, EFSA members would like to contribute to the discussion by highlighting a number of issues which we believe should be a priority in the context of a review.

Enhanced Cooperation Financial Transaction Tax

03 September 2014

EFSA wrote to the finance ministers of states participating in the enhanced cooperation procedure for the European financial transaction tax (FFT). EFSA spells out the highly negative consequences that the FTT would have not only for the economy – it would put a damper on growth – but also for issuers and investors, who are the end-users of financial markets. These findings are based on a report by Oliver Wyman titled The impact of the EU-11 financial transaction tax on end-users.

US and European Financial Services Trade Associations Statement on TTIP

25 March 2014

ESMA members, together with other financial market trade associations, issued a statement in support of a Transatlantic Trade and Investment Partnership (TTIP) that includes financial services regulatory coordination, in advance of the March 26 EU‐US Summit attended by US President Barack Obama, European Council President Herman Van Rompuy and European Commission President José Manuel Barroso.

Use of Legal Entity Identifier (LEI) codes under the EMIR regulation

17. January 2013

European trade associations write a joint letter to members in order to raise the awareness of the requirement to use legal entity identifier (LEI) codes under the EMIR regulation.

Coherent European implementation timeframes

27 November 2012

EFSA raises its voice towards EU institutions, requesting a stronger coherence with respect to European implementation timeframes.

CESR’s Call for Evidence (CESR/08-1010) concerning the Regulation of Short Selling

2o January 2009

EFSA submits a comment letter in reply to CESR’s call for evidence concerning the regulation of short selling.