ESMA Publishes Latest Spotlight on Markets Newsletter
ESMA has released the July 2026 edition of its Spotlight on Markets newsletter, covering major regulatory developments from June and July. Highlights include the end of the MiCA transitional period, a final report on simplifying transaction reporting, preparations for T+1 settlement, and the authorisation of EuroCTP as consolidated tape provider.
Related updates
ESMA flags market vulnerabilities masked by investor optimism
ESMA published its second Trends, Risks and Vulnerabilities (TRV) report of 2026, finding EU financial markets resilient but with stretched technology valuations and heightened geopolitical tensions. The regulator warns of a disconnect between deteriorating macro-financial conditions and upbeat market valuations, increasing the risk of sudden corrections. It also highlights risks in private credit, crypto-asset interconnectedness, cyber risks from frontier AI, and retail investor behaviour on digital platforms.
10 Sep 2026
ESMA consults on Prospectus Regulation disclosure guidelines and publishes Listing Act package
ESMA has published a package of measures under the Prospectus Regulation to reflect the Listing Act changes, including a consultation paper on updated disclosure guidelines, revised Q&As, and two final reports on product supplement guidelines and RTS for key financial information in prospectus summaries. Stakeholders can respond to the consultation until 9 November 2026, with final guidelines expected in Q2 2027.
09 Sep 2026
ESMA Consults on Reporting Framework for Third-Country CCP Clearing Activity
ESMA has launched a consultation on new annual reporting requirements for clearing activity at recognised third-country central counterparties (CCPs) under EMIR. The proposed technical standards aim to improve supervisory visibility of EU firms' exposures while minimising burden by reusing existing data. Stakeholders are invited to respond by 12 October 2026.
18 Aug 2026