Last updated: 19:34 / Sunday, 6 December 2015
European Markets

ESMA Seeks Candidates for its Stakeholder Representative Group

ESMA Seeks Candidates for its Stakeholder Representative Group

The European Securities and Markets Authority (ESMA) is seeking candidates to represent the interests of financial markets stakeholders of all types as members of its Securities Markets Stakeholders Group (SMSG).

The SMSG helps to facilitate consultation between ESMA, its Board of Supervisors and stakeholders on ESMA’s areas of responsibility and provides technical advice on its policy development. This helps to ensure that stakeholders can contribute to the formulation of policy from the beginning of the process.

The successful candidates will take up their roles in July 2016. Steven Maijoor, ESMA Chair, said: “The SMSG plays a key role in providing advice from the perspective of a broad range of financial market stakeholders to ESMA and its Board on its activities, and makes a vital contribution to the development of financial markets policy. We are seeking the broadest possible stakeholder representation, in terms of stakeholder segment, gender, and geography, and encourage all interested parties to put themselves forward for consideration.”

The SMSG was established under Article 37 of the ESMA Regulation and is composed of 30 members, representing consumers, users of financial services, financial market participants, academics, employees in the financial sector and SMEs.

It meets on at least four occasions per year and twice with ESMA’s Board of Supervisors.

Each Member of the SMSG serves for a period of two and a half year and can serve two consecutive terms.

Application process

The call for expression of interest for membership in the SMSG is open to stakeholder representatives from the European Union and the EEA. The deadline for applications is 29 January 2016.