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 newsletter.
This edition opens with ESMA welcoming the European Commission’s ambitious proposal on market integration, underlining the importance of deeper, more integrated and efficient EU capital markets and the role of robust governance and market infrastructure in supporting these objectives.
Another highlight is the announcement of the selected applicant for the equity consolidated tape provider (CTP), a significant milestone towards a more transparent and integrated equity markets landscape in the EU. The newsletter also features ESMA’s final report on Regulatory Technical Standards (RTS) for non-equity transparency, as well as references to the five-year review of tiering and recognition, the report on cross-border investment activity of firms, and a TRV risk article on the application of the fund names guidelines.
ESMA will also launch a Common Supervisory Action focusing on MiFID II conflicts of interest requirements, reinforcing supervisory convergence and sound governance practices across Member States.
In parallel, the European Supervisory Authorities (ESAs) have designated critical ICT third-party providers under the Digital Operational Resilience Act (DORA). This represents an important step in strengthening governance and oversight of critical service providers in the EU financial system.
The newsletter also highlights ESMA’s findings on UCITS distribution costs, contributing to ongoing work on transparency and investor protection.
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