Page 35 - 期货和衍生品行业监管动态（2025年6月）

期货和衍生品行业监管动态

markets regulator and supervisor, has published its Annual Report for 2024. The

activities conducted and results achieved in 2024 support ESMA’s strategic priorities

and thematic drivers - to foster stable and effective markets, strengthen supervision,

and enhance retail investor protection while enabling sustainable finance and

facilitating technological innovation and the use of data.

In 2024, the EU transitioned from one institutional cycle to the next, while being

impacted by changes in the economic and geopolitical circumstances. These changes

started to reshape and refocus the priorities of the EU and ESMA. ESMA was active

in a rich debate about Europe’s challenges and the critical role that capital markets

need to play in order to overcome them.

A major milestone for ESMA was the publication of the position paper

introducing 20 recommendations for strengthening the effectiveness of the EU capital

markets and addressing the needs of European citizens and businesses.

Through putting into practice the spirit of its recommendations, ESMA made

significant progress or finalised measures across its remit, at it:

 Finalised the Report on shortening the settlement cycle to T+1, a significant
step forward in improving markets efficiency and competitiveness and

launched the implementation work;

 Finalised the Rules and guidance for the selection of consolidated tape

providers (CTPs);

 Finalised the policy work under the regulatory regime for crypto-assets,

dedicated significant efforts to promote consistency in the application of the

new rules and put in place an integrated monitoring of the crypto-asset

markets;

 Made significant progress in the development of the European Single Access

Point (ESAP), which will become operational in 2026 and bring

18