The European Securities and Markets Authority (ESMA) announces today the selection of Steven Maijoor, as the proposed first Chair of ESMA. This follows a vote by ESMA’s Board of Supervisors. Before taking up his duties, the selected Chairperson will be heard by the European Parliament who has up to one month to object to his designation. The Chairperson represents ESMA, and is responsible for preparing the work of the Board of Supervisors and chairs the meetings of the Board of Supervisors and the Management Board. The full-time Chair of ESMA will serve for a term of five years, based at ESMA’s headquarters in Paris.
