European Securities and Markets Authority Spotlight on Markets newsletter highlights equity consolidated tape provider selection and ESMA leadership changes

The European Securities and Markets Authority (ESMA) published the latest edition of its Spotlight on Markets newsletter, highlighting progress on EU capital markets integration and key deliverables under the consolidated tape and transparency agendas. The edition notes the selection of the applicant for the equity consolidated tape provider (CTP) and points to a forthcoming Common Supervisory Action on MiFID II conflicts of interest requirements. Other items covered include ESMA’s final report on Regulatory Technical Standards for non-equity transparency, references to the five-year review of tiering and recognition and the report on cross-border investment activity of firms, and a TRV risk article on the application of the fund names guidelines. The newsletter also flags the European Supervisory Authorities’ designation of critical ICT third-party providers under the Digital Operational Resilience Act (DORA) and summarises ESMA findings on UCITS distribution costs. On governance, ESMA confirms that Chair Verena Ross will step down at the end of her current term, appoints Marie-Anne Barbat-Layani and Christopher P. Buttigieg as new Management Board members, renews Armi Taipale’s mandate, and renews Executive Director Natasha Cazenave’s mandate.