Peer review on supervision of cross- border activities of ...

10 March 2022 | ESMA42-111-5534 Peer review on supervision of cross- border activities of investment firms Peer review Report 10 March 2022 ESMA42-111-5534 2 Table of Contents List of Terms and Acronyms .. 4 1 Executive Summary .. 5 2 Introduction ..11 Background ..11 Scope of the peer review ..11 NCAs under review ..12 Process of the Peer review ..13 3 General information ..14 4 Peer review findings ..18 Peer review findings in each area under review ..18 Authorisation activities ..19 Summary of findings ..19 Assessment ..21 Passport notifications ..23 Summary of findings ..24 Assessment.

supervision by the home NCA. By their very nature, cross-border activities risk being carried out beyond a home NCA’s usual line of sight, for example because issues are not covered or visible in the home jurisdiction’s media or because complaints from foreign investors reach the home NCA only with delay.

Tags:

  Risks, Foreign

Information