European Securities and Markets Authority Board to meet in Riga - Hoofdinhoud

The Financial and Capital Market Commission in close cooperation with the European Securities and Markets Authority (ESMA) will hold a visiting session meeting of ESMA Board of Supervisors in Riga on 6-7 May. The event will be devoted to current events in the financial instruments market.

The visiting session meeting will bring together the heads of the financial markets supervisory authorities in the 28 EU Member States, representatives from the national competent authorities in Norway, Iceland and Lichtenstein and representatives from the European Banking Authority, the European Insurance and Occupational Pensions Authority, the European Systemic Risk Board and the European Commission.

The aim of the meeting is to discuss strategic issues regarding the functioning of ESMA; assess the trends in financial instruments market development; focus on the process of establishing a capital markets union; take decisions on compiling up a single rulebook for EU financial markets and ensuring its consistent application across the EU; and discuss other issues of common interest.

About ESMA

ESMA was established in 2011 as an independent institution with the aim of enhancing the protection of investors and promoting stable and well-functioning financial markets in the European Union. The ESMA Board of Supervisors guides the work of the Authority and has the ultimate decision-making responsibility regarding the adoption of ESMA opinions, recommendations, guidelines and any other decisions, including the issuance of advice to the EU institutions. The Board of Supervisors meetings take place seven times per year, two of which are organised as visiting session meetings in the country holding the Presidency of the EU Council. In May 2015, the visiting session meeting will therefore be held in Latvia, and in November the Board of Supervisors will meet in Luxembourg.