On Monday 6th August, The European Securities and Markets Authority (ESMA) launched a call for applications for its newly-established expert group on data issues, formally known as the ‘Data Advisory Group’ (DAG). ESMA is seeking individuals with expertise on issues related to market data regulatory reporting and record keeping of derivative contracts, positions, transactions in financial instruments (including securities financing), order book, instrument reference data, investment funds and prospectus data. DAG members are expected to advise ESMA’s Data Standing Committee (DSC) which undertakes ESMA’s policy work in data and reporting related areas.
Once established, the DAG is expected to:-
• Advise, where necessary the DSC on specific data matters in its work on the completion of a Single Rulebook;
• Advise where necessary the DSC on specific data matters in its work related to the development of supervisory convergence tools;
• Inform the DSC on matters of practical implementation of reporting requirements which require clarifications or adaptations; and
• Potentially advise other ESMA groups on specific data matters within their remits.
The full story and details of the application process can be found here.