15/12/2022 (Agence Europe) – On Wednesday, 14 December, the European Securities and Markets Authority (ESMA) published a briefing to ensure convergence in the supervision of investment firms’ cross-border activities. Addressed to National Competent Authorities, this document summarises the key elements of the rules and also includes indicative questions that supervisors are expected to ask themselves or a firm when they are assessing the approach to supervising investment firms’ cross-border activities with regard to retail clients. It thus covers the authorisation of firms with cross-border plans, the processing of passport notifications and their impact on the supervisory approach applied to firms, the arrangements in place to carry out ongoing supervisory activities, the performance of ongoing supervision, and the conduct of investigations and inspections. To consult the briefing: https://aeur.eu/f/4ou (AD)