The European Securities and Markets Authority (ESMA) published a thematic note on 1 July 2025 promoting clarity in sustainability-related claims used in non-regulatory retail communications. Aimed at helping market participants avoid misleading investors, the note sets out four guiding principles and examples of good and poor practices regarding references to sustainability credentials such as labels or awards. While it introduces no new legal obligations, it aligns with earlier guidance from European Insurance and Occupational Pensions Authority (EIOPA) and the European Banking Authority (EBA).

The European Securities and Markets Authority (ESMA) has published guidelines on written arrangements and procedures for the functioning of resolution colleges. They cover written arrangements between members of resolution colleges envisaged in Regulation (EU) 2021/23 of the European Parliament and of the Council (CCPRRR) and in Commission Delegated Regulation (EU) No 2023/1192 supplementing Regulation (EU) 2021/23 of the European Parliament and of the Council with regard to technical standards specifying the content of the written arrangements and procedures for the functioning of the resolution colleges (the Resolution College Delegated Regulation).

The European Securities and Markets Authority (ESMA) has published guidelines on stress test scenarios under the Money Markets Funds (MMF) Regulation. They apply to competent authorities, MMFs and managers of MMFs, and establish common reference parameters for the stress test scenarios to be included in the stress tests.

The European Securities and Markets Authority (ESMA) has published its sustainable finance implementation timeline for the Sustainable Finance Disclosures Regulation, trade repository regulation, the Corporate Sustainability Reporting Directive, the Benchmarks Regulation and the European Green Bonds Regulation.

The European Securities and Markets Authority (ESMA) has published its follow-up report to the Wirecard fast-track peer review assessing the progress made with respect to the recommendations formulated in 2020. This report follows up on the implementation of the recommendations made in the previous Wirecard fast-track peer review report, which was published in November 2020.

The European Securities and Markets Authority (ESMA) has published its response 2025 to the European Commission's consultation on commodity derivatives markets. Article 90(5) of the Markets in Financial Instruments Directive (Directive 2014/65/EU) (MiFID II) mandates the Commission, after consulting ESMA amongst others, to submit reports to the European Parliament and to the Council containing a comprehensive assessment of the markets for commodity derivatives, for emission allowances and for derivatives of emission allowances.  On 26 February 2025, the Commission published a targeted consultation document on the functioning of commodity derivative markets

The European Securities and Markets Authority (ESMA) has published its latest report on Suspicious Transactions and Order Reports (STORs), focusing on 2023. It aims to provide an overview of the use of STORs in different jurisdictions across the EU and how this has evolved over time.

The European Securities and Markets Authority (ESMA) has published the fourth edition of its Report on the quality and use of data, which aims to provide transparency on how the data collected under different regulations is used systematically by authorities in the EU, and clarify the actions taken to ensure data quality. ESMA has also published its follow-up report to the 2019 peer review into supervisory actions aiming at enhancing the quality of data reported under EMIR.

The European Securities and Markets Authority (ESMA) has published an updated list detailing the grandfathering periods adopted by Member States under Article 143 of the Markets in Cryptoassets Regulation (Regulation) (EU) 2023/1114) (MiCA). These transitional measures allow cryptoasset service providers (CASPs) that were operating in accordance with applicable national law before 30 December 2024 to continue their activities temporarily—until 1 July 2026 or until they are granted or refused authorisation under Article 63 of MiCA, whichever comes first.

The European Securities and Markets Authority (ESMA) has published new and revised technical standards for consolidated tape providers (CTPs) and other data reporting services providers (DRSPs). After submitting the final report, the European Commission has three months to decide whether to endorse the proposed amendments to the regulatory technical standards (RTS). ESMA will launch the selection procedures for the bonds CTP on 3 January 2025, and for the equity CTP in June 2025.

The European Securities and Markets Authority (ESMA) has released its ‘Principles on Third-Party Risks Supervision’, a non-binding framework designed to guide supervisory authorities in the EU securities markets. The publication outlines a detailed approach to managing the risks associated with the increasing reliance on third-party service providers.

The European Securities and Markets Authority (ESMA) has published guidelines on certain aspects of the suitability requirements and format of the periodic statement for portfolio management activities under the Markets in Cryptoassets Regulation (Regulation (EU) 2023/1114) (MiCA), alongside official translations. In particular, the guidelines aim to promote greater convergence in the application of, and supervisory approaches to, the MiCA suitability requirements and requirements applicable to the format of the periodic statement to be provided by crypto-asset service providers providing portfolio management of cryptoassets. As the official translations have now been published on the ESMA website, the guidelines will apply in two months’ time at which point competent authorities to which these guidelines apply must notify the ESMA, whether they (i) comply, (ii) do not comply, but intend to comply, or (iii) do not comply and do not intend to comply with the guidelines.