Page 22 - 期货和衍生品行业监管动态（2025年10月）

期货和衍生品行业监管动态

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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