Page 46 - 期货和衍生品行业监管动态（2023年11月刊）

期货和衍生品行业监管动态

new supervisory capacity and expertise. The aim is to keep pace with market and

technological developments, and closely monitor potential contagion effects of attacks

and disruptions across markets and firms.

The new USSP will come into force in 2025, at the same time as the Digital

Operational Resilience Act – DORA. This timeline is intended to provide supervisors

and firms in Member States with sufficient time to prepare for compliance with the new

regulatory requirements. Meanwhile, ESMA and national competent authorities (NCAs)

will carry out preparatory work planning and shaping the supervisory activities to

undertake under this priority.

In addition, ESMA and NCAs will continue their work on the second priority –

ESG disclosures. The aim is to tackle greenwashing, increase investors understanding

and embed sustainability requirements when firms advise investors. ESG disclosures

will remain the focus in 2024 across key segments of the sustainable finance value chain

such as issuers, investment managers and investment firms.

The new USSP on cyber risk and digital resilience will replace the USSP on market

data quality. ESMA and NCAs have carried out intensive and concerted supervisory

efforts to make structural, long-lasting improvements in this area. Notably, we have:

- built common data quality methodologies and data sharing frameworks; and

- worked on the detection of supervisory issues, carried out investigations and

developed supervisory tools to extract further intelligence from the data

reported.

Ensuring data quality remains a primary duty of supervised entities. Firms, and

in particular their top management, should take ownership of the data they report and

increase its use also for internal purposes. EU supervisors will continue to undertake

important supervisory work on data quality, leveraging on the new methodologies and

tools developed through the USSP. Paying close attention to this topic remains

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