ESMA publishes latest edition of its newsletter 29 October 2026 ESMA newsletter The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has published today the latest edition of its Spotlight on Markets newsletter , covering key activities and publications from…
Why this matters
The update is an ESMA newsletter summarising organisational news (Chair appointment, MoU with SEBI) and a list of publications (2027 Work Programme, T+1 preparations, MiCA proposals, TRV report). It contains no full article text, so the specific publications are only named, not analysed.
Carlo Comporti appointed Chair of the European Securities and Markets Authority 09 October 2026 About ESMA Board of Supervisors Management Board Press Releases The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, is pleased to announce that Carlo Comporti has been…
Why this matters
The document announces the appointment of Carlo Comporti as ESMA Chair, succeeding Verena Ross, along with statements from both and his background. It is organisational news rather than a rule, guidance, or enforcement action.
ESMA appoints Carlos San Basilio as the new member of its Management Board 09 October 2026 About ESMA Management Board The European Securities and Markets Authority (ESMA), the European Union’s financial markets regulator and supervisor, has appointed Carlos San Basilio of Comisión Nacional del Mercado de Valores…
Why this matters
The document announces the appointment of Carlos San Basilio (CNMV) to ESMA's Management Board, replacing Carlo Comporti (CONSOB), who becomes ESMA Chair effective 1 November 2026. It is organisational news with no regulatory requirements, so it has no specific sector, topic, or firm type.
Upcoming changes to the Euribor Panel 24 September 2026 Benchmarks The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, is issuing a statement on the upcoming changes to the Euribor panel, in its capacity as supervisor of the European Money Market Institute (EMMI)…
Why this matters
This is an informational announcement regarding a scheduled withdrawal of a single bank (Cecabank) from the Euribor panel effective 30 September 2026. ESMA and the College of Supervisors have already concluded the departure does not pose risk to benchmark representativeness.
ESMA signs Memorandum of Understanding with the Securities and Exchange Board of India 04 September 2026 CCP International cooperation The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has signed a Memorandum of Understanding (MoU) with the Securities and…
Why this matters
This is a news announcement of a signed MoU between ESMA and SEBI that facilitates recognition of Indian CCPs under EMIR Article 25. The content is informational rather than imposing new binding obligations, but it represents a noteworthy policy development with concrete next steps (re-application pathway) affecting...
ESMA to host Data Day 2026: ‘Data in the Savings and Investment Union – from burden to opportunity’ 04 September 2026 Market data Technology, use of data and simplification of reporting requirements will be at the centre of the European Securities and Markets Authority (ESMA) Data Day 2026 , taking place on 24…
Why this matters
The content is a news announcement about ESMA's Data Day 2026 event. It describes the event's purpose (discussing supervisory reporting, regulatory disclosures, and data integration) and agenda topics (simplification, financial transaction reporting, ESAP, crypto-asset monitoring).
ESMA publishes latest edition of its newsletter 31 July 2026 ESMA newsletter The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has published today the latest edition of its Spotlight on Markets newsletter, covering key activities and publications from June and…
Why this matters
ESMA newsletter covering multiple regulatory updates including MiCA transitional period wind-down for crypto providers, T+1 settlement preparations, transaction reporting simplification, DORA ICT incident reporting, and consolidated tape provider authorizations.
ESMA authorises EuroCTP as the Consolidated Tape Provider for shares and exchange-traded funds 27 July 2026 Market data Press Releases Trading The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has authorised EuroCTP B.V. (EuroCTP) to operate as the Consolidated…
Why this matters
ESMA's authorization of EuroCTP as consolidated tape provider is an informational announcement about market infrastructure implementation under MiFIR. It affects capital markets participants through new consolidated tape requirements for shares and ETFs, impacting reporting and disclosure obligations.
ESMA launches data collection under the first phase of ESAP 10 July 2026 Market data The European Securities and Markets Authority (ESMA), the EU regulator and supervisor, has launched the collection of information from Officially Appointed Mechanisms (OAMs) and National Competent Authorities (NCAs) - “collection…
Why this matters
ESMA announces first phase of ESAP data collection platform covering transparency, prospectus, and short-selling regulations. This is informational content about regulatory infrastructure development with July 2027 public launch deadline.
ESMA launches Common Supervisory Action on CASPs’ digital operational resilience for custody 08 July 2026 Digital Finance and Innovation The European Securities and Markets Authority (ESMA), the EU regulator and supervisor, is launching a Common Supervisory Action (CSA) focusing on the digital operational resilience…
Why this matters
ESMA's Common Supervisory Action targets CASPs' digital operational resilience frameworks for custody activities, focusing on DLT-specific risks. This is informational guidance on a supervisory exercise running 2026-2027, not an urgent regulatory change.
ESMA selects Etrading Software (Netherlands) B.V. as Consolidated Tape Provider for OTC derivatives 06 July 2026 Trading The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has selected Etrading Software (Netherlands) B.V. as the Consolidated Tape Provider (CTP)…
Why this matters
ESMA's selection of a Consolidated Tape Provider for OTC derivatives is an informational announcement regarding market infrastructure and transparency requirements under MiFIR. This affects capital markets participants through enhanced reporting and disclosure obligations for OTC derivatives trading.
ESMA appoints Peter Tkáč as the new member of its Management Board 01 July 2026 About ESMA Management Board The European Securities and Markets Authority (ESMA), the European Union’s financial markets regulator and supervisor, has appointed Peter Tkáč, Národná Banka Slovenska (NBS), Slovakia, as the new member of its…
Why this matters
This is an informational announcement regarding ESMA Management Board composition changes. Peter Tkáč from Slovakia's central bank replaces an outgoing member. The content is governance-related and affects the regulatory oversight body itself rather than imposing new requirements on financial firms.
Euribor panel to include KBC Bank 11 June 2026 Benchmarks Press Releases On 27 May 2026, the European Money Markets Institute (EMMI), the administrator of Euribor, announced the inclusion of KBC Bank in the Euribor panel. ESMA and the Belgian Financial Services and Markets Authority (FSMA) welcome the inclusion of…
Why this matters
Informational announcement regarding KBC Bank's addition to the Euribor panel under BMR supervision. Relevant to banking sector's benchmark contribution obligations and regulatory oversight by ESMA and NCAs. No immediate action required; classified as news update.
ESMA publishes latest edition of its newsletter 01 June 2026 ESMA newsletter The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has published today the latest edition of its Spotlight on Markets newsletter , covering ESMA’s key activities and publications from…
AI Analysis
ESMA’s latest *Spotlight on Markets* newsletter (covering April–May 2026 activity) signals a coordinated push on reporting simplification, CCP resilience, EMIR 3 implementation and enhanced enforcement of corporate and digital reporting standards. For compliance teams, the newsletter is a consolidated forward‑looking risk map: it highlights where ESMA and NCAs will focus supervision and enforcement in the next cycle, especially around fund/transaction reporting, CCP crisis planning, ESEF taxonomy use and internal control functions in the funds sector.
Key dates
2025 (completed) Deadline
– ESMA and NCAs conduct the 2025 Common Supervisory Action on compliance and internal audit functions of fund managers, establishing benchmarks for good and poor practices in the funds sector
2025 (completed)
– First year of enforcement of European Sustainability Reporting Standards (ESRS) and application of ESMA Guidelines on Enforcement of Sustainability Information for in‑scope issuers’ 2025 reporting
2025 (throughout year)
– ESMA and NCAs carry out corporate reporting enforcement across the EEA, including financial, sustainability and digital (ESEF) reporting, feeding into ESMA’s 2025 corporate reporting enforcement report
Q2 2026
– ESMA launches the sixth CCP stress test exercise, with follow‑up supervisory actions by ESMA and NCAs expected after results are analysed
Q2 2026
– ESMA publishes reporting templates and instructions for the EMIR 3 Active Account Requirement, enabling firms and CCPs to begin design and implementation work ahead of EMIR 3 go‑live
Suggested considerations
Map your firm’s current EMIR, MiFIR and fund reporting obligations against ESMA’s stated objective of simplifying EU reporting frameworks and begin scenario‑planning for changes to templates, data models and validation rules.
For CCPs and clearing members, review participation in the sixth ESMA CCP stress test, ensure timely and accurate data delivery, and assess internal implications of potential stress test findings for risk management frameworks.
CCPs should compare existing recovery and resolution plans and playbooks against ESMA’s new guidance on effective use of resolution tools, updating governance, triggers, communications and coordination arrangements with resolution authorities.
Counterparties and CCPs in scope of EMIR 3 should identify products and business lines affected by the Active Account Requirement and begin implementing systems, processes and controls to populate ESMA’s reporting templates and instructions.
Investment firms active in equity markets should respond to ESMA’s call for evidence on European equity market structure where appropriate, and internally assess potential impacts on best execution, order routing, internalisation and transparency obligations.
What changed
- ESMA is advancing the simplification of EU reporting frameworks for funds and transaction reporting, indicating upcoming changes to reporting templates, data fields and/or reporting channels under...
ESMA has launched its sixth EU‑wide stress test exercise for Central Counterparties (CCPs), expanding supervisory scrutiny of CCP risk management, default management processes and resilience to...
ESMA has published guidance on the effective use of resolution tools in CCP crisis planning, clarifying expectations for CCP resolution planning, coordination with resolution authorities and use of...
ESMA has issued reporting templates and instructions for the Active Account Requirement under EMIR 3, operationalising new obligations for counterparties and CCPs to maintain and report active...
ESMA has published a call for evidence on the structure of European equity markets, opening a policy workstream that may lead to changes in market structure, transparency, and best execution...
Compliance impact
The overall impact is medium to high: while the newsletter itself does not create new binding obligations, it consolidates ESMA priorities that will drive supervisory focus and future technical standards, particularly in EMIR 3, CCP oversight, ESEF and sustainability reporting. Failure to anticipate and align with these priorities can lead to enforcement actions, remediation mandates, higher supervisory scrutiny and reputational risk once the related rules and guidance are fully applied.
ESMA publishes shortlist of candidates for position of Chair 20 May 2026 About ESMA Board of Supervisors Press Releases The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has published the shortlist of candidates for the position of Chair, which it has sent to…
Why this matters
ESMA announces shortlisted candidates for Chair position with November 2026 start date. This is informational content regarding regulatory leadership appointment and governance, affecting all financial market participants under ESMA's supervisory scope.
European Commission launches call for candidates for the ESAs’ Board of Appeal 12 May 2026 Board of Appeal The European Commission has launched a call for expression of interest for the appointment of members to the Board of Appeal of the three European Supervisory Authorities (EBA, EIOPA and ESMA – the ESAs). This…
ESMA launches its sixth stress test exercise for Central Counterparties 30 April 2026 CCP Press Releases The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, today launched its sixth stress test exercise for Central Counterparties (CCPs) . The CCP stress test…
ESMA publishes latest edition of its newsletter 10 April 2026 ESMA newsletter The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has published today its latest edition of the Spotlight on Markets newsletter. This edition opens with ESMA’s actions to simplify the…
AI Analysis
ESMA's latest *Spotlight on Markets* newsletter (edition 42, published 10 April 2026) summarizes recent supervisory, enforcement, and policy actions, emphasizing simplification of retail investor access, high market risks per the first 2026 TRV report, and key publications on transparency, suitability, MiFID II/MiFIR data, and Listing Act compliance.[User Query] This matters for compliance teams as it signals ESMA's priorities in reducing regulatory burdens while enhancing investor protection and market transparency amid a high-risk environment.
Key dates
27 February 2026
Publication of annual transparency calculations for equity and equity-like instruments
10 April 2026
Release of first 2026 TRV report and newsletter; .
15 April 2026
Public hearing on EBA-ESMA joint guidelines on suitability of management body and key function holders
20 April 2026 Deadline
Consultation deadline on regulatory standards for post-trade risk reduction services under EMIR 3
29 April 2026
Consultation on MAR Guidelines on delay in disclosure of inside information
Suggested considerations
Review and implement transparency calculations: Adjust trading systems and disclosures for equity/equity-like instruments per 27 February 2026 publication.
Respond to consultations: Submit feedback on suitability (by 25 May 2026), EMIR 3 (20 April), MAR delays (29 April), CCP collateral (30 April); attend 15 April hearing.
Assess TRV risks: Conduct internal risk reviews aligning with high-risk market warnings; update policies on retail investor journeys and fund costs.[User Query]
Monitor enforcement: Review supervisory actions for peer benchmarks (e.g., similar to prior MFSA review).
What changed
The newsletter highlights no immediate binding rules but flags forthcoming or proposed changes via publications:
Trends, Risks and Vulnerabilities (TRV) Report 2026: Identifies high-risk EU financial markets, urging heightened risk monitoring.[User Query]
Annual transparency calculations for equity and equity-like instruments: Updates pre- and post-trade transparency thresholds, published 27 February 2026.[User Query]
Joint EBA-ESMA consultation on revised suitability assessment: Proposes updates to requirements for banks and investment firms on assessing client knowledge and needs under MiFID II.[User Query]
ESMA proposals to simplify MiFID II/MiFIR obligations on market data: Aims to streamline reporting and data access burdens.[User Query]
Compliance impact
Urgency: Medium. This newsletter compiles ongoing developments rather than enacting immediate rules, but tied consultations (e.g., suitability by 25 May 2026) and recent publications (e.g., transparency calculations) require prompt review to avoid enforcement risks in a high-risk market flagged by TRV.[User Query] It matters for aligning with ESMA's simplification push while preparing for stricter suitability, data, and risk rules, potentially reducing costs but increasing scrutiny on retail protection and transparency.
SEC confirms exemption for directors and officers of EEA Foreign Private Issuers 18 March 2026 Market Abuse Post Trading The United States Securities and Exchange Commission (SEC) has decided to exempt directors and officers of European Economic Area (EEA) foreign private issuers (FPIs) from the reporting requirements…
Why this matters
This regulatory update from ESMA relates to an SEC decision exempting directors and officers of EEA Foreign Private Issuers from certain US reporting obligations. This is relevant for investment management firms, broker-dealers, and banks that operate as EEA Foreign Private Issuers in the US market.
ESMA simplifies MiFID II/ MiFIR obligations on market data 23 February 2026 Guidelines and Technical standards Market data Trading The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has withdrawn its guidelines on the MiFID II/ MiFIR obligations on market data …
AI Analysis
ESMA has immediately withdrawn its guidelines on MiFID II/MiFIR market data obligations to align with the new Regulatory Technical Standards on making market data available on a reasonable commercial basis (RTS on RCB), reducing compliance burdens for market participants. This simplifies the regulatory framework by eliminating overlapping soft-law guidance, focusing firms on binding RTS requirements for data transparency, non-discrimination, and cost-based pricing. It matters as it streamlines operations amid broader MiFID II/MiFIR reviews, lowering costs while maintaining market integrity.
Key dates
23 November 2025
- RTS on RCB enters into force
23 February 2026
- Withdrawal of legacy ESMA guidelines takes effect immediately
22 August 2026
- End of transition period for pre-authorised market data providers to align contracts with RTS on RCB
Suggested considerations
Review and map internal policies, procedures, and data disclosure practices directly to RTS on RCB criteria for transparency, non-discrimination, and cost-based pricing.
For market data providers authorised before 23 November 2025: Use the transition period (until 22 August 2026) exclusively to renegotiate and align existing contractual arrangements, including pricing schedules, data packages, and service-level clauses, with RTS requirements.
Document compliance with RTS across asset classes and distribution channels; cease reliance on withdrawn guidelines.
Contact ESMA at [email protected] for issues on RTS application or interpretative uncertainties.
What changed
- Withdrawal of ESMA's previous guidelines on MiFID II/MiFIR market data obligations, effective immediately on 23 February 2026, to avoid overlap with binding rules.
Full alignment with RTS on RCB, which sets criteria for transparency, non-discrimination, and reasonable commercial basis pricing of market data by trading venues and approved publication...
Firms must now rely solely on RTS legal text for interpreting data provision, disclosure, and fee structures, without legacy interpretive guidance.
Compliance impact
Urgency: High - Immediate guideline withdrawal requires prompt policy updates to avoid supervisory misalignment, though the 22 August 2026 transition eases contract changes for legacy providers. This matters as it reduces ambiguity and burdens in a simplifying regulatory environment, but non-compliance risks enforcement under binding RTS amid MiFID II/MiFIR reviews; proactive alignment prevents future disruptions.
Upcoming changes to the Euribor Panel 18 February 2026 Benchmarks The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, is issuing a statement on the upcoming changes to the Euribor panel, in its capacity as supervisor of the European Money Market Institute (EMMI)…
Why this matters
This regulatory update from ESMA concerns changes to the Euribor panel, which is a critical benchmark for the Euro unsecured money market. The update discusses the withdrawal of a panel bank and the impact on the representativeness of the benchmark.
ESMA publishes latest edition of its newsletter 13 February 2026 ESMA newsletter The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has published today its latest edition of the Spotlight on Markets Newsletter. This edition opens with ESMA’s Digital and Data…
Why this matters
This regulatory update from ESMA covers several key areas including data and digital strategies, post-trade transparency for OTC derivatives, cooperation with other regulators, and various publications on ESG and risk-based supervision.
Join us for ESMA’s Conference “A new era for EU capital markets” on 21 May 2026 05 February 2026 About ESMA The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, is organising a high‑level conference “A new era for EU capital markets” on 21 May 2026 in Paris…
Why this matters
This is an informational speech from ESMA about upcoming discussions on deepening market integration, strengthening supervision, and improving the investor journey. It is relevant for capital markets participants, investment managers, and banks.
ESMA launches selection process for its next Chair 03 February 2026 About ESMA Careers Vacancies The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has launched the selection procedure for the position of ESMA Chair . This key leadership role offers the…
AI Analysis
ESMA has launched a selection process for its next Chair, a full-time independent role based in Paris responsible for leading strategic direction, governance, and representation amid evolving EU financial markets regulation. This matters for compliance professionals as the incoming Chair will influence ESMA's supervisory priorities, enforcement approach, and adaptation to upcoming legislative changes like market integration proposals, potentially impacting how firms navigate cross-border supervision and reporting requirements.
Key dates
3 March 2026 Deadline
- Application deadline for ESMA Chair position
What changed
This publication announces no direct regulatory changes or new requirements; it is a vacancy notice for ESMA's leadership position rather than a policy update or consultation imposing obligations on market participants. Responsibilities outlined align with the existing ESMA Regulation, including chairing the Board of Supervisors and Management Board, strategy development, and navigating potential governance adjustments from the European Commission's market integration proposal.
Compliance impact
Urgency: Low. This leadership transition poses minimal immediate compliance burden, as it introduces no new rules or deadlines for firms; however, the new Chair's tenure from mid-2026 onward could shape enforcement consistency, risk-based supervision, and adaptation to reforms like DORA and EMIR 3, warranting long-term tracking by governance and public affairs teams.
ESMA signs Memorandum of Understanding with the Reserve Bank of India 27 January 2026 CCP International cooperation The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has signed a Memorandum of Understanding (MoU) with the Reserve Bank of India (RBI) to…
The European Supervisory Authorities and UK financial regulators sign Memorandum of Understanding on oversight of critical ICT third-party service providers under DORA 14 January 2026 Digital Finance and Innovation International cooperation The European Supervisory Authorities (EBA, EIOPA and ESMA – the ESAs) have…
Why this matters
This regulatory update is relevant for banks, asset managers, and wealth managers as it covers the oversight of critical ICT third-party service providers under the Digital Operational Resilience Act (DORA).
ESMA’s Digital and Data strategies support supervision of EU financial markets 13 January 2026 About ESMA Market data Press Releases The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has adopted a new Digital Strategy and updated its Data Strategy . They reflect…
Why this matters
This regulatory update from ESMA focuses on the adoption of new digital and data strategies to support the supervision of EU financial markets. It covers topics related to technology, data reporting, and operational resilience, which are relevant across various financial sectors including capital markets, crypto...
ESMA launches selection of Consolidated Tape Provider for OTC derivatives 05 January 2026 MiFID - Secondary Markets Trading The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, is launching the first selection procedure for the Consolidated Tape Provider (CTP) for…
AI Analysis
ESMA has launched the first selection procedure for a **Consolidated Tape Provider (CTP) for OTC derivatives**, with applications due by 11 February 2026 and a decision expected by early July 2026. This initiative establishes a critical market infrastructure component to enhance transparency and efficiency in the EU's OTC derivatives market by consolidating post-trade data into a single, continuous electronic stream.
Key dates
11 February 2026 Deadline
– Deadline for entities to register and submit requests to participate in the selection procedure
Early July 2026
– ESMA to adopt reasoned decision on selected applicant
1 September 2026
– Mandatory use of new OTC derivatives identifying reference data (Commission Delegated Regulation (EU) 2025/1003)
1 March 2027
– Single application date for all derivatives-related changes: amendments to RTS 2, Package Order RTS, and OTC derivatives CTP data requirements
Suggested considerations
*For prospective CTP applicants:
*For trading venues and data contributors:
trade OTC derivatives data to the selected CTP from 1 March 2027
minute maximum delay for real-time dissemination
*For market participants:
What changed
The regulatory framework introduces several substantive requirements:
CTP Mandate: The selected provider will consolidate post-trade data from trading venues and other data contributors into a unified electronic stream, enabling market participants to access accurate,...
Data Scope: The CTP will collect and disseminate OTC derivatives data in accordance with ESMA's Final Report on transparency for derivatives, with specific technical standards governing pre- and...
Technical Standards: ESMA has finalized regulatory technical standards (RTS) prescribing data quality requirements for CTPs and data contributors.
Implementation Date: All derivatives-related changes, including amendments to RTS 2 (derivatives transparency) and the OTC derivatives CTP data requirements, are scheduled for 1 March 2027.
ESMA publishes latest Spotlight on Markets newsletter featuring updates on market integration and transparency 23 December 2025 ESMA newsletter The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has today published the latest edition of its Spotlight on Markets…
AI Analysis
ESMA's latest *Spotlight on Markets* newsletter (November/December 2025 issue, published 23 December 2025) summarizes key regulatory updates on EU market integration, transparency enhancements, and supervisory actions, including welcoming the European Commission's market integration proposal and announcing an equity consolidated tape provider (CTP) selection. This matters for compliance professionals as it signals accelerating EU efforts to deepen capital markets integration, improve data transparency, and strengthen oversight under MiFID II and DORA, potentially requiring firms to adapt governance, reporting, and conflict management practices.
Key dates
4 December 2025
- European Commission publishes market integration legislative package; legislative process expected to take at least one year
23 December 2025
- Newsletter publication date
Suggested considerations
Review the final non-equity transparency RTS and assess impacts on trading and reporting systems for compliance by any upcoming application dates (not specified).
Evaluate MiFID II conflicts of interest policies in preparation for the CSA; conduct internal audits and enhance training/staff attestations on identification and mitigation.
Monitor equity CTP rollout for changes to post-trade data access and costs; update vendor contracts if applicable.
For DORA-impacted firms, map exposures to designated critical ICT providers and strengthen due diligence, contractual clauses, and exit strategies.
Asset managers: Audit fund names against guidelines and review UCITS distribution practices for cost transparency.
What changed
- ESMA welcomes the European Commission's 4 December 2025 legislative package on market integration, emphasizing robust governance and market infrastructure for deeper EU capital markets.
Announcement of selected applicant for the equity consolidated tape provider (CTP), advancing MiFIR transparency for equity markets by improving post-trade data consolidation and access.
Publication of ESMA's final report on Regulatory Technical Standards (RTS) for non-equity transparency, clarifying pre- and post-trade transparency rules for bonds, derivatives, and other non-equity...
Launch of a Common Supervisory Action (CSA) on MiFID II conflicts of interest requirements to promote supervisory convergence and governance across Member States.
European Supervisory Authorities (ESAs) designate critical ICT third-party providers under DORA, enhancing oversight of key outsourcing risks.
Compliance impact
Urgency: Medium - The newsletter highlights finalized standards (e.g., RTS, CTP) and imminent actions (e.g., CSA, DORA designations) that require proactive preparation, but lacks hard deadlines or immediate mandates. It matters because it previews intensified supervision on transparency, conflicts, and resilience, aligning with EU Capital Markets Union goals; firms delaying reviews risk findings in upcoming CSAs or audits, especially amid ESMA's push for convergence.
ESMA selects EuroCTP to become the first Consolidated Tape Provider for shares and ETFs 19 December 2025 Press Releases Trading The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has selected EuroCTP as the first Consolidated Tape Provider (CTP) for shares and…
Why this matters
This regulatory update from ESMA announces the selection of EuroCTP as the first Consolidated Tape Provider for shares and ETFs in the EU, which is a significant development for transparency in equity markets.