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The SMSG is composed of 30 individuals who represent financial market participants, their employees’ representatives, and consumers, users of financial services and representatives of SMEs. The 30 representatives will include 10 from financial institutions and five academics.
Members of the SMSG serve for a period of two-and-a-half years. The deadline for applications is 22 July 2013, 23:59 CET. ESMA’s Board of Supervisors will decide the composition of the new SMSG in the third quarter 2013.