Page 22 - 期貨和衍生品行業監管動態（2025年10月）
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期貨和衍生品行業監管動態
be launched.
Other regulatory and supervisory priorities for 2026
Beyond the priorities coming from the SIU strategy, ESMA will continue
supporting implementation of key legislative files agreed under the previous
legislature, notably the European Market Infrastructure Regulation (EMIR 3) and the
European Single Access Point (ESAP).
Other ongoing legislative files which, depending on progress, may require
ESMA’s attention in 2026 are the Retail Investment Strategy (RIS), as well as the
review of the PRIIPS, SFDR and Securitisation Regulation. ESMA will ensure that it
integrates the principles of Simplification and Burden Reduction across all its
activities and will follow up on the 2025 ‘flagship’ projects seeking simplification and
efficiencies in disclosure and reporting frameworks.
Driving data innovation and market integration
ESMA will focus on enhancing data capabilities and promoting innovation
across the EU financial sector. Key projects for 2026 include the rollout of the ESMA
Data Platform, centralisation studies, and the development of AI-powered supervisory
tools. These initiatives will bring common benefits to both ESMA and the National
Competent Authorities, improving market efficiency and transparency through the
support that data provides for risk-based and data-driven supervision across Europe.
In the digital finance sector ESMA will continue to focus on the effective
implementation of MiCA, as it is key to ensuring investor protection and the orderly
functioning of crypto-asset markets. ESMA’s supervisory convergence efforts will
remain focused notably on the authorisation and supervision of CASPs.
Finally, in line with the EU’s ambition to accelerate the settlement cycle to T+1
by 11 October 2027, ESMA will also coordinate closely with market participants to
ensure the smooth transition and preparedness of the financial sector for this event.
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