Examples of ESMA in a sentence
That competent authority shall promptly transmit that information to ESMA and the Joint Monitoring Mechanism referred to in Article 23c.
By … [24 months from the date of entry into force of this amending Regulation] ESMA shall submit a report to the Commission on whether the changes under Article 9have resulted in a sufficiently clear improvement in the conduct of ESMA’s tasks and whether they have had an excessive negative impact on market participants.
In undertaking that assessment ESMA, should, in addition to receiving the relevant information and confirmations from the Tier 2 CCP, cooperate and agree on administrative procedures with the third country authority to ensure ESMA has the relevant information to monitor that the conditions for comparable compliance is complied with and, to the extent possible, reduce the administrative and regulatory burdens for those Tier 2 CCPs.
The competent authority shall transmit this information to ESMA without undue delay.
At the same time, to ensure the use of safe and efficient use of PTRR services, the exemption should be subject to appropriate conditions which are to be further specified and complemented by ESMA.