ESMA programming document for 2027–2029

The European Securities and Markets Authority (ESMA) has published its programming document for 2027–2029. In an evolving regulatory and market landscape, ESMA remains committed to effective and consistent supervision across the EU, strengthening investor protection and supporting orderly and resilient financial markets. A central priority is advancing the Savings and Investments Union (SIU), with ESMA contributing through policy development, enhanced supervisory convergence and potential new direct supervisory responsibilities. Simplification and burden reduction also remain key themes. ESMA intends to use upcoming SIU reforms to review and streamline its guidance and Level 2 instruments to reduce complexity. Additional priorities include risk based supervision, improving market data and digital capabilities, and contributing to reforms aimed at making EU capital markets more integrated, accessible and efficient. ESMA will also progress supervisory reporting reforms to lower compliance costs while improving data quality and will continue the phased implementation of the European Single Access Point (the EU-wide digital platform for public financial and sustainability information) with the first phase scheduled to launch in the second half of 2027.

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