The programme reflects the shift in focus of ESMA’s work, from building the single rulebook, towards ensuring its consistent application across the European Union (EU), as outlined in its 2016-2020 Strategic Orientation. The key areas of focus under ESMA’s activities of supervisory convergence, assessing risks, single rulebook and direct supervision will be:
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Converging supervisory practices on the implementation of MiFIDII/MiFIR
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Focusing on data quality
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Level 2 work on the Benchmarks Regulation and on various initiatives under the umbrella of the Capital Markets Union
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Directly supervising credit rating agencies (CRA) and trade repositories (TR), with a particular focus on their ancillary activities given the trend of combining ancillary and core services.
ESMA 2017 Work Programe
Press release
© ESMA
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