ESMA Publishes Guidelines for Market Operators and Data Providers

The European Securities and Markets Authority published Guidelines for the management body of market operators and data reporting services providers ("DRSPs").

The guidelines are intended to (i) provide common standards for market operators and DRSPs when appointing new, and assessing current, members of the management body, and (ii) provide guidance on how information should be recorded by market operators and DRSPs in order to make it available to the competent authorities for the exercise of their supervisory duties.

ESMA also released the Final Report describing how responses to a previously issued Consultation Paper were taken into account in developing the Guidelines.