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Version date: 26 March 2020 - onwards

10.3 Annex III - Cost-benefit analysis

Closed
3 July 2020

ESMA's choices in this review are of a pure technical nature and do not imply strategic decisions or policy choices.

ESMA's options are limited to the approach it took to drafting these particular regulatory and implementing technical standards and the need to ensure clarity, consistency or reporting and uniformity of formats.

The main policy decisions have already been analysed and published by the European Commission under the primary legislation, i.e.: Regulation (EU) No 2019/834 of the European Parliament and of the Council of 20 May 2019 amending Regulation (EU) No 648/2012.

ESMA is looking forward to the information provided in response to this Consultation Paper to further inform its cost-benefit analysis which will accompany the submission of the technical standards to the European Commission.