Regulator interview: Esma's Steven Maijoor reveals all on ETFs
Steven Maijoor, chairman of the European Securities and Markets Authority, talks to Richard Jory and Hannah Collins about its latest guidelines on exchange-traded funds and the investigations it has planned for these increasingly complex investments
What does the European Securities and Markets Authority (Esma) make of exchange-traded funds, and where does it believe these investments fit within the regulatory architecture of the European Commission?
A first important summary of our thinking on the exchange-traded funds (ETFs) front is contained in the document Esma published at the end of January, in the form of draft future guidelines for ETFs within the Undertaking for Collective Investment in Transferable Securities (Ucits) framework.
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