{"id":29551,"date":"2020-02-11T13:21:47","date_gmt":"2020-02-11T12:21:47","guid":{"rendered":"https:\/\/www.fma.gv.at\/?p=29551"},"modified":"2020-02-14T14:30:14","modified_gmt":"2020-02-14T13:30:14","slug":"fma-participating-in-esma-common-supervisory-action-2020","status":"publish","type":"post","link":"https:\/\/www.fma.gv.at\/en\/fma-participating-in-esma-common-supervisory-action-2020\/","title":{"rendered":"FMA participating in ESMA Common Supervisory Action 2020"},"content":{"rendered":"<?xml encoding=\"utf-8\" ?><p>On 5 February 2020, the European Securities and Markets Authority (ESMA) launched the Common Supervisory Action 2020 (CSA 2020) (see: <a href=\"https:\/\/www.esma.europa.eu\/press-news\/esma-news\/esma-launches-common-supervisory-action-ncas-mifid-ii-suitability-rules\" class=\"external\" target=\"_blank\" rel=\"noopener\">https:\/\/www.esma.europa.eu\/press-news\/esma-news\/esma-launches-common-supervisory-action-ncas-mifid-ii-suitability-rules<\/a>). It is an EU-wide coordinated inspection by national competent authorities. It is intended to ensure the convergence of transposition and application of the rules within the EU, as well as to increase investor protection. CSA 2020&rsquo;s inspection focus is on the legal requirements for the assessment of suitability pursuant to Article&nbsp;56 WAG in conjunction with Article 54 et seq. of Delegated Regulation (EU) 2017\/565.<\/p><p>The FMA is participating in CSA 2020, and will conduct inspections both in banks as well as in investment firms. CSA 2020 has been integrated into scheduled on-site inspections on suitability during the 2020 calendar year. The entities in question are informed individually prior to the on-site inspection.<\/p><p>The Austrian Financial Market Authority (FMA) will only pass on the findings from the inspections of all entities in relation to the CSA to ESMA in anonymised form and on an aggregated basis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The FMA is taking part of the ESMA CSA in 2020 on the suitability of investment services<\/p>\n","protected":false},"author":20,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[86],"tags":[],"class_list":["post-29551","post","type-post","status-publish","format-standard","hentry","category-information-en"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>FMA participating in ESMA Common Supervisory Action 2020 - FMA \u00d6sterreich<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.fma.gv.at\/en\/fma-participating-in-esma-common-supervisory-action-2020\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FMA participating in ESMA Common Supervisory Action 2020 - 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