The European Securities and Markets Authority has published its 2027 work program, shifting several initiatives from policy development to implementation under the Savings and Investments Union agenda. Priorities include broader direct supervision, practical simplification of regulatory and reporting frameworks, implementation of the European Single Access Point and coordination of the European Union’s transition to T+1 settlement on Oct. 11, 2027. ESMA will begin supervising environmental, social and governance rating providers, advance oversight of consolidated tape providers and European Green Bond external reviewers, and adapt to expanded responsibilities for benchmark administrators. It will also oversee critical information and communications technology third-party providers with the other European Supervisory Authorities, assess the impact of European Market Infrastructure Regulation reforms on clearing resilience and promote consistent supervision of crypto-asset service providers. Four simplification projects will move forward on integrated transaction reporting, harmonized funds reporting, the retail investor journey and risk-based supervision, while ESMA develops its Data Platform, deploys artificial intelligence tools for supervision and strengthens cybersecurity capabilities. Its T+1 work builds on earlier standards, guidance and industry readiness measures intended to support the shortened settlement cycle.
2026-09-28European Securities and Markets Authority
European Securities and Markets Authority sets 2027 delivery agenda for expanded supervision, simplification and T+1 settlement
The European Securities and Markets Authority’s 2027 work program moves major initiatives into delivery, including expanded direct supervision, regulatory simplification and the EU’s Oct. 11, 2027 transition to T+1 settlement. ESMA will advance integrated reporting, investor protection and risk-based supervision while overseeing new entities and strengthening crypto-asset, operational resilience and clearing work. It will also expand its use of data and artificial intelligence in supervision.