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esma.europa.eu is the official website of the European Securities and Markets Authority (ESMA). ESMA is an independent EU authority that works to safeguard the stability of the European Union's financial system by enhancing the protection of investors and promoting stable and orderly financial markets. The website provides information on ESMA's mission, objectives, and activities, as well as its role in regulating and supervising the EU's securities markets. It also offers news, publications, and data on various topics related to securities markets, including market trends, risk assessments, and regulatory updates. Some of the key features of the website include: - A section on regulatory activities, which provides information on ESMA's rule-making and supervisory activities, as well as its work on regulatory technical standards and guidelines. - A section on market data, which offers access to data on EU securities markets, including market trends, trading volumes, and other market statistics. - A section on investor protection, which provides information on ESMA's work to protect investors, including its activities on investor education, complaints handling, and investor compensation schemes. - A section on news and publications, which offers access to ESMA's press releases, newsletters, and other publications on topics related to securities markets. - A section on Brexit, which provides information on ESMA's work related to the UK's withdrawal from the EU and its impact on EU securities markets. Overall, the website is a valuable resource for anyone interested in learning more about ESMA's work and the regulation of securities markets in the EU.

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European Securities and Markets Authority esma.europa.eu

RSS Hunter • Aug 19, 2024

Thread Of Notes

ESMA 2025 Annual Report: focus on stronger supervision, regulatory simplification, and innovation

The European Securities and Markets Authority (ESMA) has released its 2025 Annual Report detailing progress in strengthening EU financial markets. The report highlights enhanced supervision, regulatory simplification, and innovation despite global uncertainty. ESMA's Chair noted a shift from policy ambition to concrete action, with a focus on integrated, transparent, and competitive EU markets. The authority made significant advancements in implementing the Markets in Crypto-Assets Regulation (MiCA) and simplification projects. Executive Director Natasha Cazenave emphasized milestones like progress on the T+1 settlement cycle and the selection of consolidated tape providers. ESMA played a crucial role in implementing major legislative frameworks such as MiCA, DORA, and EMIR 3, enhancing supervisory convergence and digital resilience. Sustainable finance development was supported through improved ESG disclosures and new regulations like the Green Bond and ESG Rating regulations. A key focus was simplifying the rulebook and reducing burdens for market participants. The selection of consolidated tape providers marked a significant step towards greater market data transparency. ESMA also supported the transition to a shorter T+1 settlement cycle, enhancing post-trade efficiency. The authority intensified its work on digitalization, including AI and DLT, to harness innovation while protecting markets and investors.

https://www.esma.europa.eu/press-news/esma-news/esma-2025-annual-report-focus-stronger-supervision-regulatory-simplification esma.europa.eu

RSS Hunter • Yesterday

Euribor panel to include KBC Bank

KBC Bank has been added to the Euribor panel by the European Money Markets Institute. Both ESMA and the FSMA have welcomed this inclusion. They view it as a positive step that enhances the strength and dependability of the Euribor benchmark. ESMA's Chair highlighted that KBC's participation shows financial institutions' commitment to Euribor's accuracy. She also noted this demonstrates continued market confidence in the benchmark. The FSMA's Chairman emphasized the importance of Euribor's representativeness for supervision. He also praised the ongoing collaboration between FSMA and ESMA within the Euribor supervisory framework. ESMA oversees EMMI, the administrator of Euribor, under the Benchmarks Regulation. National Competent Authorities, like the FSMA, supervise the banks contributing to Euribor. The FSMA will supervise KBC Bank's contribution to Euribor under the BMR. ESMA and the NCAs cooperate closely on Euribor matters, forming the Euribor College of Supervisors.

https://www.esma.europa.eu/press-news/esma-news/euribor-panel-include-kbc-bank esma.europa.eu

RSS Hunter • Jun 11

ESAs publish the first report on DORA major ICT-related incidents

The European Supervisory Authorities have released their first annual report on major ICT-related incidents in the EU financial sector, as mandated by the Digital Operational Resilience Act (DORA). This report reveals that ICT risks are increasingly borderless and interconnected across the European Union. Out of 3,383 major incidents reported, approximately one-third had a cross-border impact, highlighting reliance on shared infrastructures. System failures and external events were identified as the primary causes of these incidents. While the direct impact on clients and transactions was generally limited, the findings underscore the need for robust third-party risk management. The report emphasizes the growing systemic nature of ICT risk and the importance of resilience and supervision. Financial entities are urged to strengthen cybersecurity measures, especially given the rise of advanced AI-driven tools. Although only 10% of reported incidents were cybersecurity-related, maintaining high cybersecurity standards is crucial. DORA aims to harmonize incident reporting, enabling faster and more coordinated responses to major ICT-related events. This ultimately contributes to the overall resilience of the European financial system.

https://www.esma.europa.eu/press-news/esma-news/esas-publish-first-report-dora-major-ict-related-incidents esma.europa.eu

RSS Hunter • Jun 3

The GMTF presents its findings on EU gas and gas derivative markets

The Gas Market Task Force (GMTF) has released a report analyzing the performance of EU gas and gas derivatives markets based on their 2025 work. Established by the Action Plan for Affordable Energy, the GMTF comprises the European Commission, ACER, and ESMA, tasked with identifying market issues and proposing solutions. The report highlights areas for continued investigation to ensure the markets benefit European competitiveness and consumers. These ongoing efforts aim to maintain the expected functioning of these crucial markets.

https://www.esma.europa.eu/press-news/esma-news/gmtf-presents-its-findings-eu-gas-and-gas-derivative-markets esma.europa.eu

RSS Hunter • Jun 2

ESMA publishes latest edition of its newsletter

ESMA, the EU's financial markets regulator, released its "Spotlight on Markets" newsletter for April and May 2026. This edition summarizes ESMA's activities and publications during that period. The newsletter highlights key takeaways from ESMA's 15th-anniversary conference, focused on strengthening EU capital markets. Important news includes ongoing efforts to simplify EU reporting for funds and transactions. ESMA also launched its sixth stress test for Central Counterparties and issued guidance on CCP crisis planning. Key publications discussed include a call for evidence on European equity market structure. Further topics covered are reporting templates related to EMIR 3 and the Joint Committee Annual Report. ESMA's enforcement actions, ESEF implementation progress, and supervisory convergence in the funds sector are also included. The newsletter further lists upcoming events and consultations held by ESMA. The "Spotlight on Markets" newsletter is readily accessible online for anyone.

https://www.esma.europa.eu/press-news/esma-news/esma-publishes-latest-edition-its-newsletter-43 esma.europa.eu

RSS Hunter • Jun 1

ESMA’s annual data report shows increased quality, wider use and digital progress

ESMA, the EU's financial markets regulator, released its annual report on data quality and use. The report highlights a positive cycle where improved data quality enhances supervisory effectiveness and market monitoring. Significant improvements were noted in major regulatory datasets like EMIR and MiFIR, reflecting expanded data quality activities. ESMA and national authorities are increasing their supervisory use of the enhanced data, supporting investor protection and market integrity. The report also addresses simplification and burden reduction, gathering stakeholder input on streamlining reporting. An integrated reporting framework for investment funds is being developed to harmonize requirements and improve data efficiency. The scope of the report has expanded to include new reporting regimes and registers, such as Prospectus reporting. ESMA is increasing automation and utilizes advanced analytical tools for enhanced data analysis. Collaboration with national authorities is being strengthened to promote shared tools and coordination. These activities are part of ESMA's broader data strategy focused on modernizing data-driven supervision. A webinar will be held on June 18th to present the main findings of the report. The contact information for further inquiries is provided for interested parties.

https://www.esma.europa.eu/press-news/esma-news/esmas-annual-data-report-shows-increased-quality-wider-use-and-digital esma.europa.eu

RSS Hunter • May 29

New Q&As available

The European Securities and Markets Authority (ESMA) released a question and answer document concerning financial regulations. The document addresses the EU's ESG Ratings Regulation (ESGRR), including defined ranking systems and transitional provisions. It also covers aspects of the Market Abuse Regulation (MAR) regarding annual audits. Additionally, the document provides clarification on the Markets in Crypto-Assets Regulation (MiCA), specifically relating to exemptions from white paper requirements.

https://www.esma.europa.eu/press-news/esma-news/new-qas-available-may-2026 esma.europa.eu

RSS Hunter • May 28

ESMA consults on revised guidelines to support smoother allocations and confirmations under T+1

ESMA, the EU's financial markets regulator, has initiated a consultation on updated guidelines for standardized post-trade procedures and messaging protocols. This review aids market participants in adjusting to the T+1 settlement cycle. These updates will make communication faster and more consistent across the EU. The changes incorporate mandatory electronic communication and international messaging standards. Obsolete, non-electronic communication methods are removed, except during temporary technical issues. The revised guidelines are expected to take effect from December 7, 2026, aligning with new allocation and confirmation requirements. The consultation provides stakeholders with time to provide feedback before the formal endorsement. ESMA emphasizes the importance of preparing for the T+1 settlement, coming into effect on October 11, 2027. Stakeholders can submit feedback by July 7th. ESMA will publish its final report with updated guidelines by October 2026. This initiative aims to streamline post-trade processes.

https://www.esma.europa.eu/press-news/esma-news/esma-consults-revised-guidelines-support-smoother-allocations-and esma.europa.eu

RSS Hunter • May 26

ESMA publishes shortlist of candidates for position of Chair

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.

https://www.esma.europa.eu/press-news/esma-news/esma-publishes-shortlist-candidates-position-chair-0 esma.europa.eu

RSS Hunter • May 20

ESMA issues guidance on effective use of resolution tools in CCP crisis planning

ESMA, the EU's financial markets regulator, released a briefing for Central Counterparties (CCPs). This briefing gives practical guidelines to National Resolution Authorities (NRAs) on using the write-down and conversion of instruments (WDCI) tool. It aims to help NRAs better prepare for applying WDCI during financial crises. ESMA's initiative promotes consistent practices across the EU to boost financial market stability. The briefing was created by ESMA’s CCP Resolution Committee, offering a comprehensive methodology. NRAs are advised to define data collection requirements for CCPs, focusing on WDCI resource calibration. Stakeholder impact, including clearing members and financial markets, should be considered by NRAs. Processes must be in place to ensure WDCI's effective implementation, including post-application reorganization. This briefing adds to previous ones, contributing to a unified resolution rulebook. This emphasizes practical tool application for NRAs. The goal is to enhance financial stability within the EU's financial markets.

https://www.esma.europa.eu/press-news/esma-news/esma-issues-guidance-effective-use-resolution-tools-ccp-crisis-planning esma.europa.eu

RSS Hunter • May 13

European Commission launches call for candidates for the ESAs’ Board of Appeal

The European Commission initiated a call for expressions of interest to appoint members to the Board of Appeal. This board oversees the European Supervisory Authorities (EBA, EIOPA, and ESMA). The goal is to create a reserve list of qualified individuals for potential vacancies within the Board of Appeal. This reserve list will be valid for five years following its establishment. Being on the reserve list does not guarantee an appointment as a Member or Alternate. Vacancies will be filled by the ESAs' Management Boards, in consultation with their Supervisory Boards, selecting from the list. Nominated candidates may also be questioned by the European Parliament. The application process, including requirements and deadlines, is detailed in the Official Journal of the European Union. Applications were due by noon on June 8, 2026. The Board of Appeal is a shared body established under the ESAs' regulations. Its primary function is to protect the rights of individuals affected by the ESAs' decisions. The Board of Appeal operates independently, although supported by the ESAs' secretariat. It reviews appeals against certain decisions made by the ESAs.

https://www.esma.europa.eu/press-news/esma-news/european-commission-launches-call-candidates-esas-board-appeal esma.europa.eu

RSS Hunter • May 12

ESMA identifies areas for further supervisory convergence on compliance and internal audit in the funds sector

ESMA, the EU's financial markets regulator, released findings from its 2025 Common Supervisory Action (CSA). This CSA focused on fund managers' compliance and internal audit functions, involving all EU and EEA national supervisors. The review revealed overall compliance with key AIFMD and UCITS requirements among fund managers. However, the CSA unearthed governance weaknesses within the sector. These weaknesses included issues regarding the independence of control functions. The quality and implementation of internal policies also varied significantly. Senior management and boards' oversight practices were also scrutinized. The report provides examples of both effective and deficient practices observed. The CSA employed a common assessment framework, utilizing desk reviews and on-site inspections. ESMA urges NCAs to address identified breaches and vulnerabilities promptly with remedial actions. ESMA will continue promoting exchanges to enhance supervisory convergence within the EU funds sector.

https://www.esma.europa.eu/press-news/esma-news/esma-identifies-areas-further-supervisory-convergence-compliance-and-internal esma.europa.eu

RSS Hunter • May 11

ESMA outlines enforcement activities for corporate reporting across the EEA in 2025

ESMA, the EU's financial markets regulator, released a report on 2025 corporate reporting enforcement activities. The report summarizes how national enforcers and ESMA supervised corporate reporting in the European Economic Area during 2025. Financial reporting enforcement aimed to ensure material, transparent, and useful disclosures for decision-making. 2025 marked the first enforcement year for European Sustainability Reporting Standards (ESRS) within scope. The application of ESMA Guidelines on Enforcement of Sustainability Information (GLESI) was also implemented. Digital reporting was a key focus, with enforcers working on improving the quality of marked up financial information. The report is primarily aimed at issuers, auditors, and investors. It provides insights from enforcement experience to improve corporate reporting quality and transparency. It covers enforcement activities in financial, sustainability, and digital reporting under ESEF. The report assesses issuers' compliance with ESMA's 2024 European Common Enforcement Priorities (ECEP). The release date of the report was May 7, 2026.

https://www.esma.europa.eu/press-news/esma-news/esma-outlines-enforcement-activities-corporate-reporting-across-eea-2025 esma.europa.eu

RSS Hunter • May 7

ESMA promotes proportionate supervision of MiFID II sustainability requirements

The European Securities and Markets Authority (ESMA) released a statement on its Common Supervisory Action (CSA) regarding sustainability integration. This CSA focused on how firms assess suitability and govern products in relation to sustainability. The statement outlines key findings from the supervisory exercise, indicating areas of focus. It presents interim supervisory expectations for gathering client sustainability preferences. Matching products to those preferences, employing the portfolio approach, and assessing target markets are also scrutinized. ESMA emphasizes the continued importance of MiFID II sustainability requirements. Recognizing framework revisions, ESMA encourages a proportionate supervisory approach by national authorities. Dialogue with firms is favored over immediate enforcement during the transition. ESMA will use the CSA results to update MiFID II Delegated Acts and ESMA Guidelines. The goal is to simplify the framework and improve its consistent application. ESMA aims to reduce undue burden on firms through these actions. Iris Hude, the Communications Officer, is the point of contact for further information.

https://www.esma.europa.eu/press-news/esma-news/esma-promotes-proportionate-supervision-mifid-ii-sustainability-requirements esma.europa.eu

RSS Hunter • May 6

ESMA consults on a new simplified approach to updating MMF stress test parameters

ESMA, the EU's financial markets regulator, is consulting on a new method for updating stress test parameters within the Money Market Funds (MMF) framework. This new approach involves replacing annual amendments to the Guidelines with an annual web-based publication of calibration parameters. The existing Guidelines will remain in place, outlining the stress testing framework and methodology. The website will act as a central hub for accessing the latest updated parameters. This simplification aims to make the update process easier and improve access to the information. Market participants can then apply the updated parameters instantly upon approval. This change aligns with ESMA's Simplification and Burden Reduction (SBR) initiative, reducing compliance and supervisory requirements. The deadline for feedback on the consultation is August 6, 2026. ESMA will review the feedback and aims to release a final report in the second half of 2026. The new parameter update procedure is anticipated to begin at the end of 2026. The consultation paper provides details on stress test scenarios under the MMF Regulation.

https://www.esma.europa.eu/press-news/esma-news/esma-consults-new-simplified-approach-updating-mmf-stress-test-parameters esma.europa.eu

RSS Hunter • May 5

ESMA advances the simplification of EU reporting frameworks for funds and transactions

The European Securities and Markets Authority (ESMA) has launched a harmonised approach to funds reporting and transaction reporting. This initiative aims to streamline reporting across European markets and reduce operational burdens for market participants. ESMA's chair, Verena Ross, stated the goal is to "report once" while improving data quality and supervisory effectiveness. A final report outlines a new EU-wide framework for funds data, replacing fragmented national reporting with a single, proportionate template. This new framework will feature EU-level data validation, storage, and analytics, while data collection will remain national. ESMA plans to develop technical standards next year, with phased implementation beginning with UCITS and AIMFD reporting. Concurrently, an interim report reviews transaction reporting simplification, identifying challenges like inconsistent requirements and dual reporting. Feedback from over 100 respondents highlighted these issues as major cost drivers. ESMA is engaging further with market participants through an open hearing before releasing final recommendations by mid-year. These reports are key components of ESMA's broader Simplification and Burden Reduction initiative. This initiative targets increasing complexity and operational costs associated with EU reporting requirements. The ultimate goal is to enhance data sharing between authorities and improve overall market supervision and financial stability.

https://www.esma.europa.eu/press-news/esma-news/esma-advances-simplification-eu-reporting-frameworks-funds-and-transactions esma.europa.eu

RSS Hunter • May 4

ESMA launches its sixth stress test exercise for Central Counterparties

The European Securities and Markets Authority, ESMA, has initiated its sixth stress test for Central Counterparties. This exercise is a crucial supervisory tool mandated by EMIR to assess CCP resilience to adverse market conditions. The framework, developed with the European Systemic Risk Board, includes an adverse market scenario to identify potential shortcomings. It aims to evaluate the aggregate impact of CCP recovery and resolution arrangements on Union financial stability. The test will cover sixteen CCPs, including all authorized EU CCPs and two UK-based Tier 2 CCPs. ESMA's Chair emphasized the importance of these tests in a constantly challenged world. The Chair of the CCP Supervisory Committee highlighted the critical role of CCPs in managing credit risk and maintaining financial stability. This year's test introduces a new Recovery and Resolution Component to measure the aggregate effects of these tools. Key components include a Credit Stress Test, Concentration Risk Analysis, and a Reverse Stress Test. ESMA will issue a data request in May, followed by validation, analysis, and the publication of results in the first quarter of 2027.

https://www.esma.europa.eu/press-news/esma-news/esma-launches-its-sixth-stress-test-exercise-central-counterparties esma.europa.eu

RSS Hunter • Apr 30

ESMA launches a call for evidence on the structure of European equity markets

The European Securities and Markets Authority, ESMA, has launched a call for evidence concerning the structure of European equity markets. This initiative is based on a data-driven analysis of trading activity between 2022 and 2025, utilizing MiFIR transaction reporting data. The overall assessment indicates that European equity markets are functioning well, with addressable liquidity remaining stable at approximately 85% of total trading. On-book trading also showed relative stability, comprising around 75-80% of trading volume. However, ESMA has observed a decrease in lit continuous trading during the analyzed period. This decline has been compensated by increased activity in other trading methods, notably closing auctions, frequent batch auctions, and systematic internaliser (SI) trading. The analysis further investigates the country-specific allocation of liquidity across various trading mechanisms. ESMA is seeking stakeholder input on the concept of addressable liquidity and its current treatment under RTS 1, including potential adjustments to post-trade transparency flagging. Additionally, ESMA clarified that periodic auctions are subject to the tick-size regime. Stakeholders are invited to submit their views by June 30, 2026, with a feedback statement to follow later in the year. ESMA will continue to monitor market developments, considering recent MiFIR modifications and various trading mechanisms.

https://www.esma.europa.eu/press-news/esma-news/esma-launches-call-evidence-structure-european-equity-markets esma.europa.eu

RSS Hunter • Apr 30

ESMA consults on guidelines on endorsement under the ESG Ratings Regulation

The European Securities and Markets Authority, ESMA, has initiated a public consultation regarding draft guidelines for the endorsement of non-EU ESG ratings. This consultation is a crucial step in implementing the ESG Ratings Regulation. The proposed guidelines aim to ensure a consistent application of the endorsement regime within the EU. Specifically, they will offer guidance on the necessary information for ESG rating providers seeking to endorse ratings from outside the Union. ESMA is actively seeking feedback from ESG rating providers and other stakeholders on these draft guidelines. The objective is to ensure the guidance is clear, proportionate, and practical, aligning with the overarching goals of the ESG Ratings Regulation. This regulation itself establishes a framework for ESG ratings providers operating in the European Union. It incorporates provisions for EU-based rating providers to endorse ratings originating from outside the Union, promoting market integrity and investor protection. ESMA is accepting comments on the consultation paper until May 29, 2026. The authority will carefully review all submitted feedback before finalizing the guidelines. ESMA expects to communicate the outcome of this consultation and the adoption of the final guidelines before the end of July 2026.

https://www.esma.europa.eu/press-news/esma-news/esma-consults-guidelines-endorsement-under-esg-ratings-regulation esma.europa.eu

RSS Hunter • Apr 29

Joint Committee annual report highlights digitalisation, cyber resilience and sustainable finance as key priorities of 2025

The Joint Committee, comprising the EBA, EIOPA, and ESMA, released its 2025 Annual Report. This report detailed key priorities and achievements of its cross-sectoral work during the year. The Joint Committee prioritized consumer protection in digital financial markets. They also focused on strengthening operational and cyber resilience, particularly through DORA implementation. Improving sustainable finance disclosures and enhancing cross-sectoral risk monitoring were further key areas of focus. EIOPA chaired the Joint Committee in 2025, facilitating cooperation between the ESAs, the European Commission, and the ESRB. The Committee also worked on enhancing the EU securitization framework. Support for the European Single Access Point (ESAP) and financial innovation via EFIF were also advanced. The Joint Committee contributed to simplifying the EU financial regulatory framework. This effort specifically targeted sustainable finance and PRIIPs regulations. The Joint Committee is a platform designed to enhance cooperation among the three European Supervisory Authorities.

https://www.esma.europa.eu/press-news/esma-news/joint-committee-annual-report-highlights-digitalisation-cyber-resilience-and esma.europa.eu

RSS Hunter • Apr 24

ESMA support ESEF implementation with updated taxonomy

ESMA, the EU's financial markets regulator, released the 2025 ESEF XBRL taxonomy and an updated Conformance Suite. These resources aid issuers and software vendors in preparing 2026 IFRS consolidated financial statements. The 2025 taxonomy incorporates IFRS 18, effective from January 1, 2027, with early adoption allowed. Two entry points within the taxonomy enable reporting under IAS 1 and IFRS 18. This dual-entry approach promotes understanding and reduces implementation challenges. ESMA will not alter the ESEF RTS or taxonomy in 2026, aligning with the IFRS Foundation's decision. This stability gives more time for implementation and reduces regulatory strain. ESMA recommends stakeholders review the IFRS Foundation's guidance for 2026 reporting. Issuers and software providers are specifically encouraged to refer to this guidance. The email address [email protected] is provided for feedback or questions on the materials. This release ensures consistent and standardized financial reporting across the EU. The update facilitates transparency and comparability within the financial markets.

https://www.esma.europa.eu/press-news/esma-news/esma-support-esef-implementation-updated-taxonomy esma.europa.eu

RSS Hunter • Apr 21

ESMA launches a call for evidence on restricted subscription and private credit ratings

ESMA, the EU's financial markets regulator, has initiated a call for evidence concerning restricted subscription and private credit ratings. This call aims to gather insights from stakeholders on the characteristics and uses of these ratings. ESMA seeks information on the benefits and comparison with publicly disclosed ratings. They are interested in understanding the parties involved in these ratings and their distribution practices. The regulators are investigating whether the analytical processes and controls used are similar to public credit ratings. Stakeholders are encouraged to provide evidence-based responses, including numerical data and market examples. The growing use of these ratings has sparked questions about their purpose and market need. ESMA is committed to evidence-based policymaking and understanding market developments. They will evaluate the responses by the second quarter of 2026 to assess the need for regulatory changes. The overall goal is to clarify the application of the CRA Regulation.

https://www.esma.europa.eu/press-news/esma-news/esma-launches-call-evidence-restricted-subscription-and-private-credit-ratings esma.europa.eu

RSS Hunter • Apr 16

ESMA releases reporting templates and instructions for the Active Account Requirement

ESMA, the EU's financial markets regulator, released reporting templates for the Active Account Requirement (AAR). These templates outline how entities must report information under EMIR 3. ESMA seeks to standardize AAR reporting across the EU for efficiency. The templates provide clear instructions and aim for consistent supervisory practices. The first AAR report is due on July 31, 2026, covering a year starting June 25, 2025. Subsequent reports will be submitted every six months. Reports will be due on January 31st and July 31st. Each subsequent report will cover a twelve-month period. This structured approach ensures regular and comprehensive data collection. Cristina Bonillo is the contact for further inquiries.

https://www.esma.europa.eu/press-news/esma-news/esma-releases-reporting-templates-and-instructions-active-account-requirement esma.europa.eu

RSS Hunter • Apr 13

ESMA publishes latest edition of its newsletter

ESMA, the EU's financial markets regulator, released its "Spotlight on Markets" newsletter on April 10, 2026. This edition focuses on actions to simplify retail investor access to capital markets. The newsletter highlights the first Trends, Risks, and Vulnerabilities (TRV) report of 2026, which indicates a risky environment. Analysis in the newsletter also pointed out that new investment funds are contributing to cost reductions for investors. Key publications discussed include annual transparency calculations for equity instruments. Furthermore, it covers a joint consultation on suitability assessment and proposals to simplify market data obligations. ESMA expressed support for the smooth implementation of the Listing Act. The newsletter covers updates on topics such as Q&As, EMIR 3, and sustainability reporting. Other areas covered include supervisory/enforcement actions and market abuse guidelines. Information on upcoming events is also included in the publication. Readers are encouraged to follow ESMA on social media for regular updates.

https://www.esma.europa.eu/press-news/esma-news/esma-publishes-latest-edition-its-newsletter-42 esma.europa.eu

RSS Hunter • Apr 10

ESMA clarifies expectations in the run-up to the launch of EU’s Consolidated Tapes

ESMA has issued Q&As to clarify expectations for the EU's Consolidated Tapes' launch, aiming to increase certainty for market participants. The Q&As cover data contributor onboarding and operational rules for Consolidated Tape Providers. Trading venues and Authorised Publication Arrangements have a legal obligation to contribute data from the CTs’ go-live. ESMA expects these data contributors to engage with selected CTPs before formal authorization to establish data transmission setups. This engagement includes agreeing on protocols and conducting various tests. Selected CTPs are also expected to ensure the confidentiality and integrity of information received during this preparatory phase. fairCT was selected for the bonds CT and EuroCTP for the equities CT in 2025, with their authorization processes ongoing. The derivatives CT provider selection was launched in January 2026, with an announcement expected by July 2026.

https://www.esma.europa.eu/press-news/esma-news/esma-clarifies-expectations-run-launch-eus-consolidated-tapes esma.europa.eu

RSS Hunter • Apr 1

Postponement of the rollout for Commodity Derivatives Weekly Position Reporting

ESMA announced the postponement of the Commodity Derivatives Weekly Position Reporting solution, originally set for April 1, 2026. This delay is due to issues discovered during final testing that necessitate further corrective actions. A new go-live date will be communicated after the fixes are implemented and validated, and stakeholders should continue with the current system in the interim. ESMA expressed gratitude for the cooperation of reporting entities.

https://www.esma.europa.eu/press-news/esma-news/postponement-rollout-commodity-derivatives-weekly-position-reporting esma.europa.eu

RSS Hunter • Mar 27

ESAs spring risk update highlights geopolitical pressures and rising private finance risks

The European Supervisory Authorities (ESAs) released their spring 2026 update on risks within the EU financial system. The update emphasizes geopolitical tensions and developments in private finance as key areas of concern. Ongoing global conflicts, like those in the Middle East, pose risks through higher energy prices and potential economic impacts. The ESAs are concerned about market volatility and the impact of higher interest rates on funding conditions. Cyberattacks and infrastructure disruptions also represent significant threats to financial stability. Emerging risks in private finance are highlighted due to limited data, low transparency, and complex interconnections. Developments in US private credit funds reveal potential vulnerabilities. Despite these challenges, the EU financial sector has shown resilience, particularly in insurance, IORPs, and the banking sector. The ESAs call for continued vigilance from supervisors and market participants. This vigilance involves proactive risk assessments and prudent management of exposures. Monitoring indirect effects from energy prices and vulnerable sectors is also essential. Financial institutions are urged to closely manage risks associated with private markets, especially in light of upcoming regulatory changes.

https://www.esma.europa.eu/press-news/esma-news/esas-spring-risk-update-highlights-geopolitical-pressures-and-rising-private esma.europa.eu

RSS Hunter • Mar 27

SEC confirms exemption for directors and officers of EEA Foreign Private Issuers

The SEC has exempted directors and officers of European Economic Area (EEA) foreign private issuers from US Section 16(a) reporting requirements. This decision aligns US regulations with the EU's Market Abuse Regulation (MAR), which has similar disclosure obligations for managerial roles. Consequently, these individuals will no longer need to file the specific US reports. This move ensures consistency between US and EU regulatory frameworks for market abuse disclosures.

https://www.esma.europa.eu/press-news/esma-news/sec-confirms-exemption-directors-and-officers-eea-foreign-private-issuers esma.europa.eu

RSS Hunter • Mar 18

ESMA sets out actions to simplify the retail investor journey and make investing more accessible

The European Securities and Markets Authority (ESMA) has released its findings from a 2025 Call for Evidence concerning the retail investor experience. ESMA will implement actions and operational improvements aimed at simplifying access to suitable investment opportunities for retail investors. Key areas of focus include streamlining disclosure requirements to combat information overload and simplifying suitability and appropriateness assessments. Additionally, ESMA will work on making MiFID II requirements regarding sustainability preferences less complex. Consumer testing will be employed to refine disclosures and digital investor journeys, with a particular emphasis on mobile accessibility. ESMA's Chair, Verena Ross, highlighted that enhancing the investor journey is a priority project to reduce burdens and facilitate participation in EU capital markets. Stakeholders reported numerous regulatory and non-regulatory barriers preventing retail investors from engaging with financial markets. These barriers include disclosures that are too long, complex, and not digital-first, as well as suitability assessments that, while valuable, are perceived as burdensome. Furthermore, non-regulatory obstacles such as lack of trust, high costs, limited product comparability, low financial literacy, and complex taxation were identified. This report will inform ESMA's future technical advice and potential guideline updates, aligning with the Retail Investment Strategy.

https://www.esma.europa.eu/press-news/esma-news/esma-sets-out-actions-simplify-retail-investor-journey-and-make-investing-more esma.europa.eu

RSS Hunter • Mar 12

EU financial markets enter 2026 amid high-risk environment

The European Securities and Markets Authority (ESMA) has released its first risk monitoring report of 2026, highlighting persistent high risks in EU financial markets. Despite a resilient market performance in late 2025, global economic shocks, including the war in the Middle East, have amplified existing vulnerabilities. Geopolitical tensions, stretched equity valuations, and an uncertain economic outlook contribute to the likelihood of sudden market price swings. Increasing correlations across asset classes raise contagion risks, while sophisticated cyber and hybrid threats pose operational disruption risks. ESMA's Chair emphasized the potential for disorderly corrections due to market sensitivities. The report delves into market developments, including record-high global equity valuations and mixed credit quality signals. Crypto markets experienced a sell-off after a flash crash, though stablecoins continued to grow. Financial infrastructures face increasing cyber threats and operational dependencies, leading to settlement fails for various securities. Asset management saw strong equity fund performance driven by US market exposure, while the growth of private finance funds requires monitoring due to opacity concerns. Consumers are shifting to passive strategies, with social media posing risks for younger investors and leveraged products showing negative returns. Equity issuance remains weak, with a declining trend in IPOs, while sustainable finance sees growth in catastrophe bonds due to physical climate risk awareness. Financial innovation, including tokenisation and quantum computing, is gaining momentum but remains experimental.

https://www.esma.europa.eu/press-news/esma-news/eu-financial-markets-enter-2026-amid-high-risk-environment esma.europa.eu

RSS Hunter • Mar 11

New investment funds drive reduction in costs to investors

The European Securities and Markets Authority (ESMA) has released its 2025 market report on the costs and performance of EU retail investment products. The report indicates a general decline in ongoing costs for EU investment funds in 2024, primarily attributed to the entry of new, lower-fee funds. Cost reductions for existing funds were more modest, showing limited improvement. ESMA Chair Verena Ross highlighted that while performance strengthened and costs decreased, these benefits were not equally distributed, emphasizing the importance of product choice. The report underscores that transparency and competition are crucial for ensuring investors realize tangible gains. UCITS (Undertakings for Collective Investment in Transferable Securities) experienced significant performance improvements in 2024, with positive real net returns across all categories. ESG (Environmental, Social, and Governance) focused UCITS, though still cheaper, underperformed their non-ESG counterparts during this period. Alternative Investment Funds (AIFs) saw a decrease in retail investor participation, though they also reported positive annual net returns. Structured Retail Product costs remained stable, with interest-rate linked products gaining significant market share. The findings reinforce the need for clear cost and performance information to empower informed investor decisions and promote capital market participation.

https://www.esma.europa.eu/press-news/esma-news/new-investment-funds-drive-reduction-costs-investors esma.europa.eu

RSS Hunter • Mar 3

New Q&As available

ESMA, the EU's securities markets regulator, has released various updated and new Questions and Answers documents. These updates cover several critical areas within financial regulation and innovation. One key area addresses European crowdfunding service providers for business, specifically clarifying the use of fiduciary nominee structures in equity crowdfunding. The Markets in Crypto-Assets Regulation (MiCA) also sees significant clarification, detailing withdrawal requirements for CASPs under Article 75, calculation of fixed overheads, and treatment of interests earned from client funds. Further MiCA guidance includes payouts in fiat currency by CASPs for exchange services and the overlap between offers and placing of crypto-assets. The application of Title II requirements to CASPs operating trading platforms for crypto-assets is also explained. For OTC derivatives, central counterparties, and trade repositories (EMIR) – CCPs, the updates focus on AAR threshold calculation, representativeness obligations, and stress testing. The Transparency Directive introduces a new Q&A on the interaction of IFRS 18 and APMs Guidelines, effective January 1, 2027. Additionally, several existing Q&As under the Transparency Directive have been updated, with amendments also becoming effective from January 1, 2027. These updates clarify measures presented inside and outside financial statements, interim financial statements, the concept of prominence, and the definition of an APM. All these publications aim to enhance regulatory clarity and market transparency.

https://www.esma.europa.eu/press-news/esma-news/new-qas-available-26 esma.europa.eu

RSS Hunter • Feb 27

ESMA publishes the results of the annual transparency calculations for equity and equity-like instruments

ESMA has released its annual transparency calculations for equity and equity-like instruments, taking effect from April 6, 2026. These calculations cover several key aspects of market transparency. They include liquidity assessments and the identification of the most relevant market for liquidity. Additionally, the calculations determine average daily turnover for pre-trade and post-trade large-in-scale thresholds. ESMA also assessed the average value of transactions and the standard market size. The average daily number of transactions on the most relevant market for liquidity, crucial for tick-size regimes, was also determined. Market participants should regularly monitor ESMA's transparency calculations for new instruments and four-week calculations. The full list of assessed instruments is accessible via ESMA's FITRS XML files and the Register web interface. ESMA reminds stakeholders that revised transparency rules for equity instruments in RTS 1 are effective from March 2, 2026. The current transparency requirements will apply until April 4, 2027. The next annual calculations, due by March 1, 2027, will apply from April 5, 2027.

https://www.esma.europa.eu/press-news/esma-news/esma-publishes-results-annual-transparency-calculations-equity-and-equity-3 esma.europa.eu

RSS Hunter • Feb 27

ESMA consults on post-trade risk reduction services under EMIR 3

ESMA has initiated a consultation regarding the requirements for post-trade risk reduction (PTRR) services benefiting from an exemption to the clearing obligation under EMIR 3. The consultation seeks feedback on various operational aspects for PTRR service providers to qualify for this exemption. Key areas include transparency for participants, algorithm safeguards, execution of PTRR exercises, internal controls, and record-keeping practices. It further outlines how relevant authorities should monitor these services. The draft Regulatory Technical Standards (RTS) detail the conditions OTC derivative transactions must meet for PTRR services to be exempt from clearing. These RTS specifically address compression, portfolio rebalancing, and basis risk optimization, which are the main service types currently utilized. The RTS aim to prevent the exemption from being misused to bypass the clearing obligation. Concurrently, they seek to simplify processes and reduce administrative burdens by building upon existing EMIR 3 practices. Stakeholders have until April 20, 2026, to submit feedback on these proposals. The final draft RTS will be presented to the European Commission in the fourth quarter of 2026.

https://www.esma.europa.eu/press-news/esma-news/esma-consults-post-trade-risk-reduction-services-under-emir-3 esma.europa.eu

RSS Hunter • Feb 26

ESMA issues a supervisory briefing on algorithmic trading

ESMA released a supervisory briefing to standardize the oversight of algorithmic trading throughout the EU. This briefing offers National Competent Authorities (NCAs) practical tools and clarifies expectations for supervising firms under MiFID II. It addresses divergencies in supervisory practices across critical areas. These areas include pre-trade controls, governance, testing, and outsourcing of algorithmic trading systems. The briefing also discusses the increasing use of artificial intelligence in algorithmic trading. It outlines considerations for AI use, helping supervisors assess new risks. The aim is to ensure firms adopt robust and responsible approaches with advanced technologies. This nonbinding tool supports NCAs in achieving a harmonized oversight approach. ESMA will distribute the briefing to NCAs to aid daily supervision. ESMA will also continue monitoring market and technological developments. Future updates or additional convergence tools may be developed as necessary.

https://www.esma.europa.eu/press-news/esma-news/esma-issues-supervisory-briefing-algorithmic-trading esma.europa.eu

RSS Hunter • Feb 26

ESMA sets out clearing thresholds under EMIR 3

ESMA has released draft rules for new clearing thresholds (CTs) under EMIR 3, impacting over-the-counter (OTC) derivatives. The goal is to maintain systemic risk coverage while minimizing complexity and compliance burdens. Five CT categories are retained to avoid added complexity for market participants. The timing for position calculations is clarified, allowing flexible implementation of the new CTs. ESMA also improved the review mechanism related to the CTs for increased stability. Thresholds in commodity, interest rate, and credit derivative asset classes are raised compared to previous proposals. These adjustments factor in recent market changes like inflation. ESMA noted that changes to hedging exemptions, including VPPAs, would require regulatory amendments. Entities exceeding the CTs face supplementary requirements, notably the clearing obligation. The final draft RTS is submitted to the European Commission for endorsement and adoption. This report provides technical details about the EMIR clearing thresholds regime. Contact information for further inquiries is provided.

https://www.esma.europa.eu/press-news/esma-news/esma-sets-out-clearing-thresholds-under-emir-3 esma.europa.eu

RSS Hunter • Feb 25

The EBA and ESMA consult on revised suitability assessment requirements for banks and investment firms

The European Banking Authority and the European Securities and Markets Authority have launched a consultation on revised joint guidelines for assessing the suitability of management body members and key function holders. These guidelines aim to harmonize suitability assessments and ensure supervisory convergence across the EU. The consultation period extends until May 25, 2026. The revised guidelines incorporate new requirements from the Capital Requirements Directive for large institutions, affecting entities under CRD and investment firms under MiFID II. They introduce updates on ex-ante applications for ex-post assessments and mandatory suitability assessments for critical roles. Furthermore, the guidelines clarify requirements for third-country branches and strengthen ties with anti-money laundering frameworks. Targeted simplification measures are included to reduce administrative burdens and enhance clarity for both institutions and supervisors. Stakeholders are invited to submit their comments through the EBA's consultation page. A public hearing is scheduled for April 15, 2026. The EBA is also consulting on draft Regulatory Technical Standards regarding documentation for large institutions. Upon entry into force, the 2021 guidelines will be repealed.

https://www.esma.europa.eu/press-news/esma-news/eba-and-esma-consult-revised-suitability-assessment-requirements-banks-and esma.europa.eu

RSS Hunter • Feb 25

ESMA reminds firms of their obligations under CFD product intervention measures amid rising offerings of perpetual futures

The European Securities and Markets Authority (ESMA) has issued a statement regarding new financial products. Firms are reminded of their duty to assess if these new offerings fall under existing rules for Contracts for Differences (CFDs). This is in response to a rise in derivatives, like perpetual futures, offering leveraged exposure, particularly to crypto-assets. ESMA believes these instruments often function similarly to CFDs and thus fall under current product intervention measures. If a derivative meets the CFD definition, it must comply with leverage limits, risk warnings, margin close-out, and negative balance protection. Additionally, benefits like monetary or non-monetary payments are prohibited for these products. The statement emphasizes that complex derivatives require a specific target market and aligned distribution. When providing non-advised services, a suitability test for complex instruments is mandatory. Lastly, firms must actively manage any conflicts of interest associated with offering these products.

https://www.esma.europa.eu/press-news/esma-news/esma-reminds-firms-their-obligations-under-cfd-product-intervention-measures esma.europa.eu

RSS Hunter • Feb 24

ESMA consults on guarantees as CCP collateral and on certain aspects of CCP investment policy

ESMA has initiated a public consultation after reviewing the European Market Infrastructure Regulation (EMIR 3). The consultation seeks stakeholder views on specific conditions for central counterparties (CCPs). It addresses the acceptance of public, public bank, and commercial bank guarantees as collateral. Additionally, it queries conditions for debt instruments to be considered eligible for CCP investment policies. The consultation also covers highly secured arrangements for depositing emission allowances used as margins or default fund contributions. EMIR 3 aims to enhance the efficiency, competitiveness, and accessibility of EU clearing services and CCPs. A key change is permanently broadening the types of acceptable guarantees. It also expands the scope of entities that can use these guarantees to include clients of CCPs that are non-financial counterparties. The deadline for submitting responses is April 30, 2026. ESMA will then use the feedback to prepare a final report. This report will include final draft technical standards. The standards will be submitted to the European Commission by the end of 2026.

https://www.esma.europa.eu/press-news/esma-news/esma-consults-guarantees-ccp-collateral-and-certain-aspects-ccp-investment esma.europa.eu

RSS Hunter • Feb 23

ESMA simplifies MiFID II/ MiFIR obligations on market data

ESMA has withdrawn its MiFID II/MiFIR market data guidelines to simplify rules and reduce compliance burdens. This move aligns with the newly applicable Regulatory Technical Standards on the obligation to make market data available on a reasonable commercial basis (RTS on RCB). The RTS on RCB became effective on November 23, 2025. Market data providers authorized before this date have a transition period until August 22, 2026. This period allows them to align existing contractual arrangements with the new RTS requirements. ESMA encourages stakeholders to report any issues regarding these rules and the RTS on RCB application via email. The original guidelines were published on August 18, 2021. The withdrawal reflects ESMA's ongoing commitment to regulatory streamlining. The decision is effective immediately. This simplification benefits market participants by reducing unnecessary administrative tasks.

https://www.esma.europa.eu/press-news/esma-news/esma-simplifies-mifid-ii-mifir-obligations-market-data esma.europa.eu

RSS Hunter • Feb 23

ESMA publishes a supervisory briefing on the AAR representativeness obligation

ESMA has issued a supervisory briefing on the representativeness obligation tied to the active account requirement (AAR). This document outlines ESMA's expectations for how counterparties should fulfill and report on this obligation. It aims to guide supervisors and ensure consistent oversight of AAR-subject entities, a topic under intense scrutiny. The briefing details how counterparties should identify relevant derivative subcategories for the representativeness obligation. It also clarifies how these counterparties should report their trades. The document includes a practical example demonstrating compliance and reporting procedures. The representativeness obligation mandates that relevant counterparties clear trades in their EU CCP active accounts. These trades must belong to the most pertinent derivative subcategories. They must also reflect the clearing activity of these counterparties at Tier 2 CCPs. Counterparties subject to the AAR representativeness obligation are expected to adhere to this guidance. This ensures their compliance with regulatory requirements. The briefing provides crucial clarity on a complex regulatory area.

https://www.esma.europa.eu/press-news/esma-news/esma-publishes-supervisory-briefing-aar-representativeness-obligation esma.europa.eu

RSS Hunter • Feb 20

ESMA publishes list of supplementary deferrals for sovereign bonds

ESMA, alongside most NCAs, has approved additional deferrals for sovereign bond disclosures under MiFIR. These supplementary deferrals will permit the omission of trade volume publication for medium-sized trades of liquid Group 1 bonds until the end of the trading day. The National Bank of Slovakia is the sole NCA that did not agree to these supplementary deferrals. The new deferral regime is scheduled to commence on May 4, 2026. This decision aims to ease the implementation process for trading venues and other financial entities. Consultations with regulatory bodies and financial institutions were essential due to the critical nature of sovereign bond markets. The short timeframe between the initial deferral list publication and the planned start of the new regime on March 2, 2026, necessitated a longer implementation period. A consistent application date for all supplementary deferrals is crucial for maintaining transparency across the market. This ensures uniformity regardless of varying decision timelines among Member States or ESMA.

https://www.esma.europa.eu/press-news/esma-news/esma-publishes-list-supplementary-deferrals-sovereign-bonds esma.europa.eu

RSS Hunter • Feb 19

ESMA sanctions Regis-TR for serious breaches of organisational obligations

ESMA, the EU's financial markets regulator, fined REGIS-TR, a trade repository, EUR 1,374,000. This fine addresses seven infringements under EMIR (European Market Infrastructure Regulation) and SFTR (Securities Financing Transactions Regulation). This is ESMA's first SFTR enforcement case and the highest fine on a trade repository. The breaches concern failures in policies, procedures, and organizational structure. REGIS-TR also failed in operational risk management and data confidentiality. These issues undermined the correct SFTR reporting and data confidentiality. ESMA found a lack of clarity in roles, shortcomings in structure, and inadequate risk mitigation. REGIS-TR was also found negligent in ensuring information security and preventing misuse. ESMA imposed the fine considering aggravating and mitigating factors. REGIS-TR must resolve ongoing infringements related to policies, procedures and business continuity. This decision underscores ESMA's dedication to market transparency and integrity.

https://www.esma.europa.eu/press-news/esma-news/esma-sanctions-regis-tr-serious-breaches-organisational-obligations esma.europa.eu

RSS Hunter • Feb 19

ESMA seeks input to streamline and simplify its market abuse guidelines

The European Securities and Markets Authority (ESMA) is consulting on proposed amendments to its Market Abuse Regulation (MAR) guidelines concerning the delay in disclosing inside information. These changes aim to harmonize the guidelines with the amended disclosure regime under the Listing Act. A key proposed change removes the requirement for immediate disclosure of inside information related to protracted processes before their completion. Consequently, ESMA suggests removing legitimate interests for delaying disclosure tied to such protracted processes from the current guidelines. The consultation also introduces new legitimate interests for delaying disclosure. These include situations where a public authority requests non-disclosure, the issuer needs more time to gather information, or the issuer is involved in multiple procurement processes for similar contracts. ESMA proposes to remove the "no misleading the public" condition from the guidelines as it has been removed from MAR by the Listing Act. Instead, a delayed disclosure must now align with the issuer’s latest public announcement on the same matter. Stakeholders are invited to submit their responses by April 29, 2026. ESMA plans to publish a final report in the fourth quarter of 2026, following the analysis of feedback received.

https://www.esma.europa.eu/press-news/esma-news/esma-seeks-input-streamline-and-simplify-its-market-abuse-guidelines esma.europa.eu

RSS Hunter • Feb 19

Upcoming changes to the Euribor Panel

ESMA, the EU's financial markets regulator, addresses upcoming changes to the Euribor panel. The European Money Market Institute (EMMI), Euribor's administrator, announced Barclays Bank PLC (BBPLC) will withdraw from the panel. BBPLC's withdrawal from the Euribor panel will be effective on February 27, 2026. ESMA, along with National Competent Authorities, assessed the impact of BBPLC's departure on Euribor's representativeness. They concluded that BBPLC's leaving does not jeopardize Euribor's accuracy. This follows the addition of three banks since 2022, expanding the panel. ESMA welcomes EMMI's announcement that a new bank will soon join the panel. ESMA actively encourages other Euro unsecured money market active institutions to join the panel. This will help the benchmark's robustness and ensure its representativeness within the EU’s financial system.

https://www.esma.europa.eu/press-news/esma-news/upcoming-changes-euribor-panel esma.europa.eu

RSS Hunter • Feb 18

ESMA publishes statement supporting the smooth implementation of the Listing Act – simplifying prospectus compliance for issuers

The European Securities and Markets Authority (ESMA) released a statement on the revised prospectus framework, guided by the Listing Act. This statement provides practical guidance to national authorities, issuers, and their advisors. ESMA addresses the transitional regime related to registration and universal registration documents. These documents approved before June 4, 2026, can still be used in prospectuses, maintaining their validity. This approach supports ESMA's aim to simplify processes and reduce burdens. The statement also offers guidance on disclosures for EU Follow-on and Growth issuance prospectuses. This guidance is valid until a specific Delegated Act amendment takes effect. ESMA expects national authorities (NCAs) to adopt the outlined approach. This allows issuers and their advisors to rely on the statement's content. The document aims to ensure consistent application across the EU. This information comes from a press release by ESMA. The contact information for further details is provided. This statement marks ESMA's commitment to investor protection and regulatory clarity.

https://www.esma.europa.eu/press-news/esma-news/esma-publishes-statement-supporting-smooth-implementation-listing-act esma.europa.eu

RSS Hunter • Feb 18

ESMA supports the simplified European Sustainability Reporting Standards and suggests targeted adjustments

ESMA, the EU's financial markets regulator, has provided its opinion on revised European Sustainability Reporting Standards (ESRS). ESMA supports the European Commission's goal of enhancing competitiveness through simplification. The revised ESRS aims to reduce burdens for issuers, which ESMA welcomes. The revised draft has improvements in readability, format, and streamlined requirements. ESMA identifies areas needing adjustments to bolster investor protection and financial stability. ESMA's Chair, Verena Ross, emphasized its support for simplification while suggesting targeted improvements. ESMA recommends specific adjustments to the standards, including time limits and reporting transparency. The Commission will consider ESMA's opinion before adopting the revised ESRS. ESMA will work with national authorities to ensure proportionate supervision during the transition. ESMA will continue contributing to sustainability reporting through its observer role.

https://www.esma.europa.eu/press-news/esma-news/esma-supports-simplified-european-sustainability-reporting-standards-and esma.europa.eu

RSS Hunter • Feb 18

ESMA publishes latest edition of its newsletter

ESMA, the EU's financial markets regulator, released its latest Spotlight on Markets Newsletter. The newsletter highlights ESMA's Digital and Data Strategies, enhancing supervision through digital tools and data use. A key announcement involves the launch of the selection for the Consolidated Tape Provider for OTC derivatives. ESMA finalized Memoranda of Understanding with the Reserve Bank of India and UK regulators for collaboration. The newsletter details publications on ESG strategy claims, promoting accurate sustainability communications. It also covers principles on Risk-Based Supervision, supporting proportionality. A report on cross-border marketing of funds is presented, with insights on marketing communications. Joint Guidelines on ESG stress testing are also featured in this edition of the newsletter. In addition, the newsletter announces the launch of ESMA's Instagram account. The newsletter also provides updates on the ESMA Chair vacancy and recent visits. Finally, the newsletter includes upcoming events and social media links for regular updates.

https://www.esma.europa.eu/press-news/esma-news/esma-publishes-latest-edition-its-newsletter-41 esma.europa.eu

RSS Hunter • Feb 13

Join us for ESMA’s Conference “A new era for EU capital markets” on 21 May 2026

ESMA, the EU's financial markets regulator, is holding a high-level conference on May 21, 2026, in Paris. This conference celebrates ESMA's 15th anniversary. The event will focus on the theme "A new era for EU capital markets." Senior policymakers, regulators, and industry leaders will attend the conference. Discussions will center around market integration, supervision, and investor experience. The conference agenda includes keynote speeches and three panel discussions. The panels will address deepening market integration, strengthening supervision, and improving the investor journey. Confirmed speakers include prominent figures from finance and regulation. Detailed information about registration and the program will be available on ESMA's website soon. The conference aims to support the Savings and Investments Union objectives.

https://www.esma.europa.eu/press-news/esma-news/join-us-esmas-conference-new-era-eu-capital-markets-21-may-2026 esma.europa.eu

RSS Hunter • Feb 5

ESMA launches selection process for its next Chair

ESMA, the EU's financial markets regulator, is seeking a new Chair to lead the organization. The position is a full-time, independent role based in Paris, offering a chance to influence European financial markets. The Chair will oversee both the Board of Supervisors and the Management Board, ensuring effective governance. Key responsibilities include chairing meetings, setting agendas, and representing ESMA externally. The Chair will also develop the long-term strategy and deliver on ESMA's objectives. They will be accountable and represent ESMA before the European Parliament in annual hearings. This role involves navigating potential changes from the European Commission's legislative proposals. ESMA offers a dynamic, multicultural environment focused on investor protection and market stability. The application deadline for this crucial position is March 3, 2026. The vacancy notice and further details are available online for interested candidates. The successful applicant will play a vital role in shaping the future of European financial regulations.

https://www.esma.europa.eu/press-news/esma-news/esma-launches-selection-process-its-next-chair esma.europa.eu

RSS Hunter • Feb 3