ESMA Publishes Its Programming Document 2026-2028

RegCORE Client Alert | Capital Markets Union

QuickTake

As explored in an earlier Client Alert, the European Securities and Markets Authority (ESMA) published its annual work programme (AWP) for 2025 on 1 October 2024. ESMA's AWP sets out what the authority will focus on and how it will approach key strategic priorities and the implementation of new mandates. ESMA, like some of its sister authorities, also publishes a multi-year priority plan in what is known as a Single Programming Document (SPD). Both the AWPs and SPDs are of relevance to national competent authorities (NCAs) and more importantly to the relevant firms within the scope of ESMA's and NCA's regulatory and supervisory mandate.