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Last modified: 2023-06-10 by ivan sache
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![[ESMA flag]](../images/e/eu_esma.gif)
Flag of ESMA - Image by Zoltán Horváth, 11 October 2013
The European Securities and Markets Authority (ESMA, website) is a European Union financial regulatory institution located in Paris. ESMA replaced the Committee of European Securities Regulators (CESR) on 1 January 2011. It is one of the three new European Supervisory Authorities (ESAs) set up within the European System of Financial Supervisors. ESMA works in the field of securities legislation and regulation to improve the functioning of financial markets in Europe, strengthening investor protection and cooperation between national competent authorities.
Zoltán Horváth, 11 October 2013The flag of ESMA (photo) is white with light blue EU stars placed at hoist, around its blue acronym "esma". The full name of the agency is placed next to its logo towards the fly.
Zoltán Horváth, 11 October 2013Advertisement from our sponsor:
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