Newsletter
ESMA Newsletter "Spotlight on Markets" is your one-stop-shop information source in the world of financial markets. ESMA will bring together at the end of every month proposals and pieces of advice to the European Commission, key reports, Q&A updates, joint statements with the other European Supervisory Authorities, upcoming speaking apparencies and current vacancies to give our stakeholders a full overview of our activities.
April and May 2025 issue
Your one-stop-shop in the world of EU financial markets focused in April and May on the Call for Evidence (CfE) related to the retail investor journey under MiFID II. This CfE seeks feedback from stakeholders to better understand how retail investors engage with investment services. Interested parties – including firms, trade associations, and consumer organisations – are invited to submit their input by 21 July 2025.
In his recent speeches, Klaus Löber, Chair of the CCP Supervisory Committee, emphasised the role of EMIR 3 in strengthening EU clearing systems and aligning them with the broader objectives of the Savings and Investment Union. At the EACH CEO Summit, he focused on supervisory convergence, while at the BME IV Post-Trade Conference, he addressed how EMIR 3 supports a more competitive and resilient EU financial market.
With the increasing spread of online scams targeting retail investors, ESMA has urged social media companies (X, Meta, TikTok, Alphabet, Telegram, Snap, Amazon, Apple, Google, and Reddit) to take proactive steps in preventing the promotion of unauthorised financial services. These activities can mislead consumers into interacting with firms without proper authorisation, potentially leading to financial losses.
ESMA issued guidelines on supervisory practices to prevent and detect market abuse under the Market in Crypto Assets Regulation (MiCA). They consider the unique features of crypto trading, such as its cross-border nature and the intensive use of social media.
Other publications:
- Technical advice on market abuse and SME Growth Markets as part of the Listing Act
- Report on the Quality and Use of Data
- Consultation on the rules for ESG Rating Providers
- ESAs 2024 Joint Annual Report
The newsletter also features an overview of open consultations and upcoming events. For updates, follow us on X and LinkedIn.
