ESMA Reappoints Three Members Of Its Management Board

The appointments took place at the Board of Supervisors meeting in Paris on 11 July and are:

·         Robert Ophèle, Autorité des Marchés Financiers (AMF), France;

·         Sebastian Albella-Amigo, Comisión Nacional del Mercado de Valores (CNMV), Spain; and

·         Erik Thedéen, Finansinspektionen (FI), Sweden.

The Management Board, chaired by Steven Maijoor, Chair of ESMA, is responsible for ensuring that the Authority carries out its mission and performs the tasks assigned to it under its founding Regulation. The Management Board now consists of:

·         Steven Maijoor, European Securities and Markets Authority (ESMA);

·         Elisabeth Roegele, Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin), Germany;

·         Sebastian Albella-Amigo, Comisión Nacional del Mercado de Valores (CNMV), Spain;

·         Robert Ophèle, Autorité des Marchés Financiers (AMF), France;

·         Gabriela Figueiredo Dias, Comissão do mercado de valores mobiliários (CMVM), Portugal; and

·         Erik Thedéen, Finansinspektionen (FI), Sweden.

Extension of Standing Committee Chairs Terms

The Board of Supervisors also decided to extend the mandate of several standing committee chairs, which were coming to an end in in September 2019, until January 2020. This was done in the context ESMA’s forthcoming work on the implementation of the changes associated with EMIR 2.2 and the ESAs Review which will involve reviewing the Standing Committee

The standing committees and chairs concerned are:

·         Committee for Economics and Markets Analysis - Carmine Di Noia, (CONSOB, Italy);

·         Corporate Finance Standing Committee - Benoît de Juvigny (AMF, France);

·         Corporate Reporting Standing Committee -  Ana Martinez Pina (CNMV, Spain);

·         Market Integrity Standing Committee - Nicoletta Giusto (CONSOB, Italy);

·         Financial Innovation Standing Committee - Jean-Paul Servais (FSMA, Belgium);

·         Investor Protection and Intermediaries Standing Committee – Evert van Walsum (ESMA) interim until new chair appointed;

·         Post-Trading Standing Committee - Robert Ophele (AMF, France);

·         Secondary Markets Standing Committee - Elisabeth Roegele (BaFIN, Germany); and

·         Commodity Derivatives Task Force   Elisabeth Roegele (BaFIN, Germany).

ESMA’s standing committees are expert groups drawn from ESMA staff and the national competent authorities for securities markets regulation in the Member States and are responsible for the development of policy in their respective areas.