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11 January 2011

Carlos Tavares elected ESMA Vice-Chairman


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Carlos Tavares, Vorsitzender der portugiesischen CMVM und bereits CESR Vorsitzender zwischen Juli und Dezember 2010, sowie stellvertretender Vorsitzender seit Februar 2009, wird bis zur Amtsübernahme von Steven Maijoor auch als Vorsitzender der ESMA handeln.


At the very same meeting, members of ESMA’s BoS also set up the Management Board (MB) of ESMA by electing its first six members. The Members of the MB are: Karl-Burkhard Caspari, BaFin, Germany; Jean Guill, Commission de Surveillance du Secteur Financier, Luxembourg; Alexander Justham, Financial Ser-vices Authority, UK; Raul Malmstein, Finantsinspektsioon Estonia; Kurt Pribil, Finanzmarktaufsicht, Austria; Fernando Restoy, Comision Nacional del Mercado de Valores, Spain.
 
The first set of key internal rules and procedures that define how ESMA will function were also adopted. Among these were rules and procedures on issues such as terms of reference for both the BoS and the MB, the decision making process for the adoption of technical standards and guidelines, as well as an HR pack-age, including the code of conduct and a financial set of rules.

ESMA also confirmed today that all existing Level 3 measures issued by CESR remain valid under ESMA in their original status. Following their first meetings today, the governing bodies of ESMA will continue to meet regularly.
 
 
 



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