A TECHNICAL REPORT ON STUDENT INDUSTRIAL WORK EXPERIENCE SCHEME (SIWES)

Table of contents

1. Executive summary ........................................................................................................ 9

2. Draft RTS on key financial information for the summary............................................... 10

2.1. Introduction ........................................................................................................... 10

2.2. Summary of feedback and amendments to the draft RTS on the key financial information in the summary ............................................................................................. 10

2.2.1. General remarks ............................................................................................ 10

2.2.2. General considerations .................................................................................. 13

2.2.3. Content and format of presentation of the key financial information ............... 27

3. Draft RTS on data and machine readability .................................................................. 35

3.1. Introduction ........................................................................................................... 35

3.2. Summary of feedback and amendments to the draft RTS on data and machine readability ........................................................................................................................ 35

3.2.1. General remarks ............................................................................................ 35

3.2.2. Data ............................................................................................................... 36

3.2.3. Machine readability ........................................................................................ 41

4. Draft RTS on advertisements ....................................................................................... 47

4.1. Introduction ........................................................................................................... 47

4.2. Summary of feedback and amendments to the draft RTS on advertisements ....... 47

4.2.1. General remarks ............................................................................................ 47

4.2.2. Responses to specific questions .................................................................... 49

5. Draft RTS on supplements ........................................................................................... 62

5.1. Introduction ........................................................................................................... 62

5.2. Summary of feedback and amendments to the draft RTS on supplements ........... 62

5.2.1. General remarks ............................................................................................ 62

5.2.2. Responses to specific questions .................................................................... 63

6. Draft RTS on publication .............................................................................................. 70

6.1. Introduction ........................................................................................................... 70

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6.2. Summary of feedback and amendments to the draft RTS on publication .............. 70

6.2.1. General remarks ............................................................................................ 70

6.2.2. Responses to specific questions .................................................................... 71

7. RTS on notification portal ............................................................................................. 75

7.1. Background........................................................................................................... 75

7.1.1. Empowerment .................................................................................................... 75

7.1.2. Link between notification portal and machine readable data mandates .............. 76

7.1.3. ESMA’s IT System ............................................................................................. 77

7.2. Development of draft RTS on notification portal .................................................... 77

7.2.1. General considerations ...................................................................................... 77

7.2.2. Upload of information by sending NCA ............................................................... 78

7.2.3. Processing in the notification portal .................................................................... 81

7.2.4. Download of passports by receiving NCA .......................................................... 82

Annex I: List of respondents ................................................................................................ 83

Annex II: Legislative mandate to develop draft regulatory technical standards .................... 85

Annex III: Cost-benefit analysis ........................................................................................... 87

1. Executive Summary ................................................................................................... 87

2. Introduction ................................................................................................................ 88

3. Analysis of proposed measures ................................................................................. 88

3.1. Key financial information for the summary ......................................................... 88

3.2. Data and machine readability ............................................................................ 91

3.3. Advertisements.................................................................................................. 94

3.4. Supplements ..................................................................................................... 96

3.5. Publication ......................................................................................................... 97

3.6 Notification Portal .............................................................................................. 98

Annex IV: SMSG opinion .................................................................................................... 99

Annex V: Draft regulatory technical standards................................................................... 103

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Annex VI: Amendment to the technical advice on scrutiny and approval ........................... 137