Europejski Urząd Nadzoru Giełd i Papierów Wartościowych (European Securities and Markets Authority - ESMA), Ocena skutków wpływu mechanizmu korekty rynkowej na rynki finansowe

1 March 2023

ESMA70-445-794

Effects Assessment

of the impact of the market correction mechanism on financial markets

1 Executive Summary

Reasons for publication

On 22 December 2022, Council of the EU adopted Regulation (EU) 2022/2578 establishing a market correction mechanism to protect Union citizens and the economy against excessively high prices (the Regulation). The Regulation entered into force on 1 February with application from the same day for a period of one year while the provisions governing the market correction mechanism (MCM) started applying on 15 February 2023. Under Article 8 of the Regulation, following the publication of a preliminary data report on 23 January 2023, ESMA is required to publish an effects assessment on the introduction of the MCM by 1 March 2023. This report is the ESMA effects assessment. ACER is also required to publish such an effects assessment and ACER and ESMA have produced their respective reports in close cooperation.

Contents

Following an...