The European Securities and Markets Authority has published its 2025 annual report, setting out a year focused on implementing new EU market rules, expanding supervisory activity and reducing reporting and compliance burdens for market participants. The report highlights work on the Markets in Crypto-Assets Regulation, the Digital Operational Resilience Act and EMIR 3, alongside progress on sustainable finance oversight, the first selections of consolidated tape providers under MiFIR and support for the move to a T+1 settlement cycle. The report says ESMA worked with national authorities on crypto-asset service provider authorisations, advanced digital resilience through DORA, including the designation of 19 critical information and communication technology third-party providers, and strengthened oversight of clearing infrastructures, including third-country central counterparties. It also describes simplification and burden-reduction work centred on transaction reporting, fund reporting under the Alternative Investment Fund Managers Directive and UCITS, and a retail investor journey initiative. In market structure, ESMA selected the first consolidated tape providers for bonds, shares and exchange-traded funds, while in sustainable finance it established a supervisory framework for external reviewers under the Green Bond Regulation and progressed implementation of the ESG Rating Regulation. Looking ahead, the report notes ESMA is preparing for additional responsibilities under pending EU legislative changes, including the Markets Integration and Supervision Package, and for the application of new supervisory frameworks such as the ESG Rating Regulation from July 2026 and the revised Benchmark Regulation from 1 January 2026.
European Securities and Markets Authority2026-06-17
European Securities and Markets Authority publishes 2025 annual report highlighting MiCA and DORA implementation first consolidated tape selections and rule simplification
The European Securities and Markets Authority’s 2025 annual report says the authority focused on implementing MiCA, DORA and EMIR 3 while expanding supervision and simplifying reporting requirements. It also highlights the first consolidated tape provider selections, work on the T+1 settlement transition and new sustainable finance oversight under the Green Bond and ESG Rating regimes. ESMA says it is preparing for further responsibilities under upcoming EU legislative changes.