Europejski Urząd Nadzoru Giełd i Papierów Wartościowych (European Securities and Markets Authority - ESMA), Raport weryfikujący nadzór nad działalnością transgraniczną firm inwestycyjnych

10 March 2022

ESMA42-111-5534

Peer review on supervision of crossborder activities of investment firms

Peer Review Report

1 Executive Summary

Given the importance of the provision of investment services across the EU under MiFID II , and concerns that emerged in the past on instances of cross-border activities provided in detriment to investors’ interests, the Board of Supervisors (BoS) of ESMA decided to launch in 2021 a peer review on National Competent Authorities’ (NCAs) supervision of cross-border activities of investment firms. Effective supervision of investment services provided on a crossborder basis is of key importance to ensure that investors in any jurisdiction across the EU are given the adequate level of protection, regardless of the jurisdiction of origin of the entities offering these services.

The peer review was carried out based on the Peer Review Methodology (the Methodology) by an ad hoc Peer Review Committee (PRC).

Assessment areas

The peer review covered the...