Proposal by the EU Commission may affect delegation of services


On 20 September 2017, the European Commission issued proposal 2017/0230 (COD) to reform the EU’s financial industry supervisory structure by reinforcing the role played by the European Supervisory Authorities (ESAs) and providing ESMA, the European Securities and Markets Authority with new supervisory power. ESAs shall, between others, be in charge of the monitoring of National [...]