ESMA: Becomes supervisor of Eu data reporting service providers
- ESMA on 1 January 2022 took on its new mandate as the direct supervisor of the largest EU DRSPs
- Its new role gives direct authorisation and supervisory powers over DRSPs, except for those entities
- In exercising its new responsibilities, will build on its long-standing experience in supervising other types of entities
- Its new supervisory role for the largest EU DRSPs will contribute to increasing financial markets transparency
- Through its new mandate, company has strengthened its data-related competencies and will
- Aims to ensure the effective and consistent application of a data-driven, risk-based, and outcome-focused supervisory framework
