The European Securities and Markets Authority (ESMA) has published its 2027 Work Programme, signaling a transition from planning to the execution of key initiatives. This programme aligns with ESMA's 2023-2028 strategy and focuses on delivering major projects. ESMA's Chair, Verena Ross, highlighted this as a milestone for the Savings and Investments Union (SIU). Key areas include simplifying regulatory frameworks and modernizing supervision through data and technology. ESMA will expand its supervisory mandates, overseeing consolidated tape providers, European Green Bonds reviewers, and ESG rating providers. It will also adapt to new responsibilities for benchmark administrators and critical ICT third-party providers under DORA. The authority will review reforms for greater resilience in EU clearing markets, reducing external dependencies. ESMA will also enhance supervisory convergence with National Competent Authorities, including for crypto-asset service providers under MiCA. Preparations will be made for changes stemming from the Market Integration and Supervision Package proposal, while implementing the European Single Access Point and transitioning to T+1 settlement. Simplification initiatives targeting transaction reporting, funds reporting, the retail investor journey, and risk-based supervision will enter a new phase. Finally, ESMA will leverage data and technological innovation, including AI and tokenization, to strengthen its supervisory capabilities and support the evolution of EU capital markets.