Regulatory Alerts2019-03-28
Implementation of ESMA Guidelines on Complex Debt Securities and Structured Deposits (ESMA/2015/1787)
The Prudential Control and Resolution Authority (ACPR) College declared conformity with the European Securities and Markets Authority (ESMA) guidelines on complex debt securities and structured deposits. These guidelines apply to credit institutions marketing structured deposits as defined in Article L. 312-22 of the Monetary and Financial Code. Institutions must take all appropriate measures to comply with these guidelines in accordance with Article 16 of Regulation (EU) No 1095/2010.
OPINION Implementation of the European Securities and Markets Authority (ESMA) Guidelines on Complex Debt Securities and Structured Deposits (ESMA/2015/1787) The College of the Prudential Control and Resolution Authority (ACPR) has declared itself in conformity with the European Securities and Markets Authority guidelines on complex debt securities and structured deposits (ESMA/2015/1787). These guidelines apply to credit institutions that market structured deposits within the meaning of Article L. 312-22 of the Monetary and Financial Code. These institutions shall take all appropriate measures to comply with these guidelines, in accordance with the provisions of Article 16 of Regulation (EU) No 1095/2010 of the European Parliament and of the Council of 24 November 2010 establishing a European Supervisory Authority (European Securities and Markets Authority).