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🇪🇺 2025

ESMA Updates 2025

European Securities and Markets Authority

All regulatory updates from the ESMA published in 2025.

By type:
Consultations 1 News 3 Guidance 1
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2026 2025
5 updates All ESMA updates → All regulators in 2025 →
🇪🇺 ESMA Consultation medium

ESMA publishes latest Spotlight on Markets newsletter featuring updates on market integration and transparency

ESMA publishes latest Spotlight on Markets newsletter featuring updates on market integration and transparency 23 December 2025 ESMA newsletter The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has today published the latest edition of its Spotlight on Markets newsletter. This edition opens with ESMA welcoming the European Commission’s ambitious proposal on market integration, underlining the importance of deeper, more integrated and ef...

AI Analysis

ESMA's latest *Spotlight on Markets* newsletter (November/December 2025 issue, published 23 December 2025) summarizes key regulatory updates on EU market integration, transparency enhancements, and supervisory actions, including welcoming the European Commission's market integration proposal and announcing an equity consolidated tape provider (CTP) selection. This matters for compliance professionals as it signals accelerating EU efforts to deepen capital markets integration, improve data transparency, and strengthen oversight under MiFID II and DORA, potentially requiring firms to adapt governance, reporting, and conflict management practices. #

Sectors:
Capital Markets & TradingInvestment Management
Topics:
Reporting & DisclosureMarket Abuse / SurveillanceOperational Resilience / Outsourcing
Asset ManagerBroker DealerAll Firms
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🇪🇺 ESMA News low

ESMA publishes 2024 data on cross-border investment activity of firms

ESMA publishes 2024 data on cross-border investment activity of firms 22 December 2025 Investor protection The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, in cooperation with National Competent Authorities (NCAs), completed an analysis of the cross-border provision of investment services in 2024 . Data was gathered from investment firms across 30 jurisdictions in the EU/EEA. The main findings include: Around 370 financial firms provid...

Sectors:
Investment ManagementCapital Markets & TradingWealth & Private Banking
Topics:
Reporting & DisclosureConsumer Protection / ConductAuthorisation & Licensing
Asset ManagerBroker DealerWealth Manager
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🇪🇺 ESMA Guidance high

New Q&As available

New Q&As available 19 December 2025 Digital Finance and Innovation Fund Management Market Abuse Prospectus Sustainable finance The European Securities and Markets Authority (ESMA), the EU's securities markets regulator, has published or updated the following Questions and Answers: Alternative Investment Fund Managers Directive (AIFMD) Directive Exclusion related to UNGC/OECD Guidelines (2734) Environmental, Social and Governance (ESG) rating activities Regulation Group-affiliated small ESG ra...

AI Analysis

ESMA published new Q&As on December 19, 2025, addressing practical implementation questions across multiple regulatory frameworks including AIFMD, ESG rating activities, and sustainable finance rules. These guidance documents clarify regulatory expectations and promote consistent supervisory approaches across EU member states, making them essential for firms operating in affected areas to ensure compliant implementation.

Sectors:
Investment ManagementCapital Markets & Trading
Topics:
ESGReporting & DisclosureMarket Abuse / Surveillance
Asset ManagerBroker DealerAll Firms
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🇪🇺 ESMA News medium

ESMA selects EuroCTP to become the first Consolidated Tape Provider for shares and ETFs

ESMA selects EuroCTP to become the first Consolidated Tape Provider for shares and ETFs 19 December 2025 Press Releases Trading The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has selected EuroCTP as the first Consolidated Tape Provider (CTP) for shares and exchange-traded funds (ETFs) in the EU, in a step forward for the transparency of equity markets in the EU. Natasha Cazenave, ESMA’s Executive Director, said: “Today’s announcement...

Sectors:
Capital Markets & TradingInvestment Management
Topics:
Market Abuse / SurveillanceReporting & Disclosure
Asset ManagerBroker Dealer
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🇪🇺 ESMA News medium

ESMA reviews impact of Guidelines on ESG or sustainability related terms in fund names

ESMA reviews impact of Guidelines on ESG or sustainability related terms in fund names 17 December 2025 Risk monitoring Sustainable finance The European Securities and Markets Authority (ESMA), the EU’s financial market regulator and supervisor, released research today assessing the impact of its fund naming guidelines on ESG and sustainability-related terms. The study found that ESMA’s Guidelines have: Improved consistency in the use of ESG terms by increasing alignment of fund names and the...

Sectors:
Investment ManagementWealth & Private BankingCapital Markets & Trading
Topics:
ESGReporting & Disclosure
Asset ManagerWealth ManagerAll Firms
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