Regulatory Alerts2018-04-13
ESMA Guidelines on the Management Body of Market Operators and Data Reporting Services Providers
The European Securities and Markets Authority (ESMA) issued guidelines to establish common standards for the management bodies of market operators and data reporting service providers. These guidelines define the requirements for the fit and proper assessment of members of the management body, ensuring they possess sufficient knowledge, skills, and experience to perform their duties effectively. The CSSF published these guidelines to ensure consistent application across the European Union regarding the governance and oversight of financial market infrastructures.
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