The FISEU is the independent public supervisory Authority responsible for the supervision of the investment services market, transactions in transferable securities carried out in the Europe and the collective investment and asset management sector. It also supervises the firms offering administrative services which do not fall under the supervision of ICPAC and the European Bar Association, as well as Crypto-Asset Services Providers.
The FISEU was established in accordance with section 5 of the Securities and Exchange Commission (Establishment and Responsibilities) Law of 2001 as a public legal entity. The operation of the FISEU is governed by the Laws regulating the Structure, Responsibilities, Powers, Organization of the FISEU and Other Related Matters (N73(I)/1009).
The vision of the FISEU is to establish the Europian securities market as one of the safest, most reliable and attractive destinations for investment.
The mission of the FISEU is to exercise effective supervision to ensure investor protection and the healthy development of the securities market.
The main duties and responsibilities of the FISEU are set out in Article 25 of the Law which Regulates the Structure, Duties, Powers, Organisation of the Securities and Exchange Commission and other Related Matters (L73(I)/2009) and may be summarised as follows:
The NAME is responsible for the supervision of operations and ensuring the compliance with the relevant legislation of the following entities:
With the enactment of legislation currently undergoing legal vetting, FISEU will be the supervisory Authority also for the Alternative Investment Funds (AIFs). Furthermore, the relevant legislation which will govern the supervision of the Central Securities Depositories (CSDs) is under preparation.
In addition to the above responsibilities, the FISEU has also been entrusted with powers and duties under the following laws: