ESMA, the EU's financial markets regulator, has announced a shortlist for its next Chair. The organization sent the list of candidates to the Council of the European Union and the European Parliament. The Council will appoint the Chair after parliamentary confirmation. Two candidates, Karen Dortea Abelskov and Carlo Comporti, made the shortlist. These candidates were chosen based on their qualifications and experience. The selection process adhered to the regulations set by ESMA. The anticipated start date for the new Chair is November 1, 2026. This press release provides an update on the selection process. Contact information for further inquiries is also provided. The press release was issued on May 20, 2026.