Cyprus Securities and Exchange Commission hosts ESMA Board of Supervisors and Management Board meetings in Nicosia during Cyprus EU Council Presidency

The Cyprus Securities and Exchange Commission announced that it hosted the European Securities and Markets Authority’s Board of Supervisors and Management Board meetings in Nicosia on 28 and 29 April. Held in the context of Cyprus’s Presidency of the Council of the European Union, the in-person meetings brought together supervisory and regulatory authorities from EU and EEA member states to discuss market priorities, supervisory convergence and investor protection initiatives. The Board of Supervisors is ESMA’s highest decision-making body and is made up of the heads of national competent authorities responsible for securities regulation and supervision, alongside non-voting representatives from the European Commission, the European Systemic Risk Board, the European Banking Authority, the European Insurance and Occupational Pensions Authority and the EFTA Surveillance Authority. ESMA’s six-member Management Board is responsible for overseeing the authority’s management and coordination. Under established Presidency practice, the host country’s financial regulator organizes these ESMA management body meetings.