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Adopted text

Discharge 2022: European Securities and Markets Authority

TA-9-2024-0264 · P9_TA(2024)0264 · PE753.530

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Parliament grants the Executive Director of the European Securities and Markets Authority discharge for the implementation of the Authority's 2022 budget, approves the closure of its 2022 accounts, and sets out observations in an accompanying resolution. The resolution notes the Authority's 2022 budget of EUR 68 068 551, a budget implementation rate of 98,78 % and a payment execution rate of 89,83 %, and welcomes the Court of Auditors' reasonable assurance that the accounts are reliable and the transactions legal and regular. It commends the Authority's completion of 90 % of its 2022 work programme, its response to geopolitical challenges and the energy crisis, its supervisory convergence work and its efficiency gains, while calling on it to address weaknesses in data management and to mitigate identified risks. It also covers staff policy, procurement, conflict-of-interest rules and transparency, and environmental management, and refers to its separate resolution on the performance, financial management and control of the agencies for cross-cutting observations.

Key points

  1. Parliament grants the Executive Director of the European Securities and Markets Authority discharge for the implementation of the Authority's budget for the financial year 2022.
  2. Parliament approves the closure of the Authority's accounts for the financial year 2022.
  3. Parliament notes the Authority's final 2022 budget of EUR 68 068 551, financed by a Union contribution of EUR 17 301 544, national supervisory authority contributions of EUR 27 293 765 and fees of EUR 22 228 234.
  4. Parliament notes the Court of Auditors' reasonable assurance that the Authority's annual accounts are reliable and the underlying transactions legal and regular.
  5. Parliament notes a budget implementation rate of 98,78 % and a payment execution rate of 89,83 % for 2022, and notes the Authority's view that its fee-funding model needs revision.
  6. Parliament commends the Authority for completing 90 % of its 2022 work programme and welcomes its response to geopolitical challenges, including intensified risk monitoring after Russia's invasion of Ukraine and emergency measures on the energy crisis.
  7. Parliament notes the Authority's 2022 priorities on capital markets, sustainable finance and digitalisation, and recognises its supervisory convergence work, peer reviews and first recommendations to a national competent authority under Article 16 of its Founding Regulation.
  8. Parliament notes the Authority's efficiency measures, including internal redeployment, shared accounting officer with the European Banking Authority, digitalised administration, cloud migration and plans for fewer missions.
  9. Parliament notes that on 31 December 2022 the establishment plan was 87,60 % implemented with 219 temporary agents out of 243 authorised, plus 91 contract agents and 12 seconded national experts, and that total staff increased by 45 % compared to 2021.
  10. Parliament welcomes progress on gender balance and notes that no harassment cases were reported in 2022, and notes the Authority's revised conflict-of-interest policy and its handling of declarations, including safeguards for a departing manager.
  11. Parliament notes the Authority's 14 procurement procedures in 2022, including three open IT tenders worth EUR 99,4 million, and draws attention to a lawsuit over a contested joint procurement procedure.
  12. Parliament notes the internal control assessment identifying 42 deficiencies, none questioning the system's functioning, and calls on the Authority to address weaknesses in data management flagged by the Internal Audit Service and to mitigate risks such as volatile markets, resource gaps and cyberattacks.

Who is affected

  • The European Securities and Markets Authority and its Executive Director, who receives discharge and must address Parliament's observations.
  • National supervisory authorities of the member states, which contribute to the Authority's budget and take part in supervisory convergence and peer reviews.
  • Supervised entities, which pay fees to the Authority.
  • The Authority's staff, management and Management Board, covered by its conflict-of-interest, ethics and gender-balance policies.

Figures and deadlines

  • EUR 68 068 551 — the Authority's final budget for the financial year 2022.
  • 12,32 % — increase in the Authority's 2022 budget compared to 2021.
  • EUR 17 301 544 (25,41 %) — Union contribution to the Authority's 2022 budget.
  • EUR 27 293 765 (40,10 %) — contributions from national supervisory authorities to the 2022 budget.
  • EUR 22 228 234 (32,66 %) — fees received from supervised entities in 2022.
  • 98,78 % — budget implementation rate for 2022, a decrease of 1,17 % compared to 2021.
  • 89,83 % — execution rate of payment appropriations, a decrease of 0,08 % compared to the previous year.
  • EUR 99,4 million — total value of three open IT tenders in 2022.

Legal basis: Article 319 of the Treaty on the Functioning of the European Union.