The European Securities and Markets Authority (ESMA) has re-appointed Professor Pierre-Henri Conac as a member of the Securities and Markets Stakeholders Group (SMSG) in the category of Independent Top-ranking Academic.

Pierre-Henri Conac is Professor of Financial Markets Law at the University of Luxembourg and Director of the Master in European and International Financial Law, specialising European Banking and Financial law (LL.M.).

ESMA’s mission is to enhance the protection of investors and reinforce stable and well functioning financial markets in the European Union. As an independent institution ESMA achieves this mission by building a single rule book for EU financial markets and ensuring its consistent application and supervision across the EU.

ESMA contributes to the supervision of financial services firms with a pan-European reach, either through direct supervision or through the active co-ordination of national supervisory activity.

The SMSG was set up to facilitate consultation with key financial market stakeholders on all aspects of ESMA’s work. The SMSG provides ESMA with opinions and advice on policy workstreams and must be consulted on technical standards and guidelines and recommendations. In addition, the Stakeholder Group is expected to notify ESMA of any inconsistent application of European Union law as well as inconsistent supervisory practices in the Member States.

Photo: Pierre-Henri Conac / © Université du Luxembourg