ESMA's work in the area of investor protection and intermediaries is split into two main streams. 

On one side, ESMA covers works on the provision of investment services and activities by investment firms and credit institutions as well as convergent implementation of MiFID.

ESMA also aims to achieve a co-ordinated approach to the regulatory and supervisory treatment of new or innovative financial activities, with the objective of providing protection for investors. It does this by facilitating the efficient co-ordination of policy-making work in the area of financial innovation within ESMA.

For further details about the different workstreams, you can access the pages through the top menu.