ESMA calls for evidence on digital finance

ESMA has launched a call for evidence which aims to gather information on various issues relating to digital finance. It is particularly seeking to understand:

• more fragmented or non-integrated value chains, which arise when firms increasingly rely on third parties for service delivery, and also because technology companies are increasingly entering financial services;
• digital platforms and bundling of financial services; and
• mixed activity groups that provide both financial and non-financial services.

ESMA has asked for comments by 1 August and will then provide advice to the European Commission.