Berichten in de categorie: Europees Recht

ESMA issues positive opinions on national product intervention measures

The European Securities and Markets Authority (ESMA) has today issued eight positive opinions on product intervention measures taken by the National Competent Authorities (NCAs) of Germany, Spain, Bulgaria, Denmark, Latvia and Greece. ESMA’s opinion finds that the proposed measures are justified and proportionate and that it is necessary for NCAs of other Member States to… Lees meer »

Key financial information in the summary of a prospectus

The key financial information in the summary of a prospectus should present the key financial figures that provide investors with a succinct overview of the issuer’s assets, liabilities and profitability, as well as any other key financial information that is relevant for investors to make a preliminary assessment of the financial performance and financial position… Lees meer »

Supreme Court seeks answers from the european Court of Justice in BP case

On 20 April 2010, an explosion occurred on the oil drilling platform Deepwater Horizon, leased by BP and located in the Gulf of Mexico, resulting in deaths and injuries. Damage was also caused to the environment. In 2015, VEB summoned BP to appear before the District Court of Amsterdam and instituted a collective action pursuant… Lees meer »

Les Journées Internationales de l’association Henri Capitant 2019 à Bordeaux et Paris

Cette semaine les membres de l’association des juristes de Langue Française, Henri Capitant, étaient invités en France au Conseil d’Etat, à la Cour Constitutionnelle, à la Cour d’Appel de Paris et à la Sorbonne. Ce fut une semaine instructive et amusante au cours de laquelle le thème de la solidarité dans le droit de l’indemnisation… Lees meer »

ESMA clarifies format for disclosure of risk factors in prospectuses

The European Securities and Markets Authority (ESMA) has published its final guidelines on how national competent authorities (NCAs) should review risk factors, as required by the new Prospectus Regulation (PR).  The guidelines aim to encourage more appropriate, focused and streamlined risk factor disclosures for securities, which is presented in an easy to analyse, concise and comprehensible form…. Lees meer »

Sustainability and Financial Markets

On 28 March 2019 the Dutch Central Bank (DNB) and the Radboud  University Nijmegen organized a congres on “Sustainability and Financial Markets”. Among the speakers was a representative of the European Commission. He elaborated on the commission’s action plan on sustainable finance. This action plan was adopted in March 2018 and sets out a comprehensive… Lees meer »

ESA Joint Board of Appeal rules on Swedish shadow rating cases

On 13 March 2019 the Joint Board of Appeal of the European Supervisory Authorities ( ESA’s; ESMA, EIOPA and EBA) published its decision in the Nordic banks’ appeals from the decisions of the Board of Supervisors of ESMA in the “shadow ratings” cases The appeals were brought by four Swedish banks, Svenska Handelsbanken AB, Skandinaviska… Lees meer »

ESMA reports on accepted market practices under MAR

The European Securities and Markets Authority (ESMA) has published on 16 January 2019 its annual report on the application of accepted market practices (AMP) in accordance with the Market Abuse Regulation (MAR). AMPs are a defence against allegations of market manipulation. In particular, dealings in financial markets which are carried out for legitimate reasons and in conformity… Lees meer »

Poland must immediately suspend the application of the provisions of national legislation relating to the lowering of the retirement age for Supreme Court judges

On 2 October 2018 the Commission brought an action for failure to fulfil obligations before the Court of Justice. The Commission argues that (i)  by lowering the retirement age and applying that new retirement age to judges appointed to the Supreme Court up until 3 April 2018 and (ii) granting the President of the Republic… Lees meer »