Carlos San Basilio elected member of the ESMA Management Board
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CNMV Chair Carlos San Basilio has been elected to ESMA's Management Board by its Board of Supervisors. He takes the seat of Carlo Comporti, who succeeds Verena Ross as ESMA Chair on 31 October, and will take part in the transition to the authority's new governance model.
Key points
- The term runs until 30 September 2029 and is renewable for two and a half years.
- The Board prepares ESMA's work programme and budget.
Who is affected
The CNMV and Spanish market participants, given its greater weight in European supervision.
Deadlines
Term until 30 September 2029.
Plain-language version
Carlos San Basilio, head of Spain's market watchdog the CNMV, has joined the management board of ESMA, the EU's markets regulator. The board prepares ESMA's work plan and budget. His term runs until 30 September 2029, giving Spain more say over European investment rules.
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