ESMA becomes operational - Carlos Tavares elected Vice-Chairman, Board of Supervisors elects Members of Management Board and endorses internal rules and procedures

Following the establishment of the European Securities and Markets Authority (ESMA) on 1 January 2011, the Board of Supervisors (BoS) of ESMA held its first meeting today at ESMA premises in Paris. The BoS is the main decision-taking body of ESMA, consisting of the heads of the relevant national supervisors chaired by the Chairperson of the Authority.

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