ESMA sets 2027 priorities for stronger, simpler and more integrated EU capital markets
ESMA published its 2027 Annual Work Programme on 28 September 2026, marking a shift from preparation to delivery of several major initiatives under its 2023-2028 strategy. Priorities include growing supervisory mandates (consolidated tape providers, ESG rating providers, green bond external reviewers, benchmark administrators, critical ICT third-party providers under DORA), the review of EMIR 3, and preparation for the Market Integration and Supervision Package (MISP), the European Single Access Point and the T+1 settlement transition. The programme also advances four flagship simplification initiatives covering transaction reporting, funds reporting, the retail investor journey and risk-based supervision.
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