New Q&As available
CCP
Digital Finance and Innovation
Financial reporting
Issuer disclosure
Transparency
27/02/2026
The European Securities and Markets Authority (ESMA), the EU's securities markets regulator, has published or updated the following Questions and Answers:
European crowdfunding service providers for business
Markets in Crypto-Assets Regulation (MiCA)
- Clarification on Withdrawal Requirements under Article 75 of MiCA for CASPs (2320)
- Calculation of fixed overheads (2349)
- Interests earned from client funds deposited at credit institutions (2486)
- Payouts in fiat currency by CASPs in the context of exchange services (2550)
- Overlap between offers of crypto-assets and placing (2551)
- Application of Title II requirements to CASPs operating a trading platform for crypto-assets (2552)
OTC derivatives, central counterparties and trade repositories (EMIR) – CCPs
- AAR threshold calculation (2418)
- AAR representativeness obligation (2776)
- AAR representativeness obligation (2777)
- AAR stress testing (2778)
- AAR threshold calculation (2779)
Transparency Directive
New Q&A (effective from 1 January 2027):
Updated Q&As (amendments effective from 1 January 2027):