ESAs appeal against ESMA decision inadmissible: The joint committee of ESAs (EBA/ESMA/EIOPA) has ruled that an appeal brought by IPE sprl, a Belgian company, against the decision by ESMA not to launch an investigation into an alleged breach of Union Law by the Commission de Surveillance du Secteur Financier (CSSF), the public institution which supervises the Luxembourg financial sector, is inadmissible. The joint committee's decision was based on the finding that, firstly, a failure to act did not constitute a decision for which the right to appeal exists under the relevant Regulation and, secondly, it found that the appellant had failed to demonstrate sufficient interest in the original decision to lodge an appeal. (Source: ESAs Appeal Against ESMA Decision Inadmissible)