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ARTICLE · 21 SEPTEMBER 2017

ESMA Cracks Down On The Enforcement Of Financial Information

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In July of 2017, the European Securities and Markets Authority (‘ESMA') published the results of a peer-review conducted by an Assessment Group which considered National Competent Authorities'...

MaltaFinance and Banking
Andrew Zammit
Andrew Zammit
Kurt Hyzler
Kurt Hyzler
Luca Vella
Luca Vella
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In July of 2017, the European Securities and Markets Authority ('ESMA') published the results of a peer-review conducted by an Assessment Group which considered National Competent Authorities' ('NCAs') compliance with the ESMA Guidelines on Enforcement of Financial Information ('Guidelines').

The Guidelines are principles-based and establish objectives for all competent authorities of EU Member States which undertake the enforcement of financial information under the Transparency Directive, as well as to those EEA states to which the same Directive applies. The Guidelines do not provide precise instructions which are to be followed, in fact NCAs have developed various was of approaching this enforcement.

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