Strategy and Work Programme
The Strategy guides ESMA in its mission to enhance investor protection, promote orderly financial markets and safeguard financial stability.
ESMA produces an annual work programme specifying the activities and tasks of the Authority for the upcoming year, based on an adopted multi-annual work programme. ESMA’s annual work programme contains the operational sub-activities’ objectives, priorities and deliverables linked to the strategic priorities of the Authority.
ESMA Strategy 2023-2028ESMA Strategy 2023-2028 provides strategic orientation to ESMA activities. ▸ More about the main elements of the ESMA Strategy 2023-2028 |
 ESMA Strategy 2023 - 2028 |
Work ProgrammeThe work programme describes objectives and outputs for each of ESMA’s strategic priorities and thematic drivers and for each of the sectors within ESMA’s remit. Outputs are divided into: (i) ongoing work; (ii) annual outputs; and (iii) 2026 specific outputs (known at this stage). The below pictograms are used to indicate the types of outputs presented in different subsections |
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The Single Programming Document
The Single Programming Document (SPD) outlines ESMA's planned activities and corresponding resource needs for the upcoming three years, pursuant to Article 63 of the ESMA Regulation. This document encompasses both multi-annual priorities and a preliminary draft of the Work Programme for 2026, which undergoes further refinement by September of the current year.
Developed in alignment with ESMA's Strategy and evolving legislative mandates, the SPD adheres to the European Commission's guidance. It is subject to approval by both the Management Board and the Board of Supervisors.