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ARTICLE · 07 APRIL 2025

ESMA Letter On Prioritisation Of 2025 Deliverables

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As explored in earlier Client Alerts,Show Footnote the European Securities and Markets Authority (ESMA) has a lot of priorities on its plate. In a letter dated 3 March but released 6 March 2025 (the 2025 Prioritisation Letter)...

GermanyFinance and Banking
Michael Huertas
Michael Huertas
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RegCORE Client Alert | Capital Markets Union

QuickTake

As explored in earlier Client Alerts,1 the European Securities and Markets Authority (ESMA) has a lot of priorities on its plate. In a letter dated 3 March but released 6 March 2025 (the 2025 Prioritisation Letter),2 Verena Ross, ESMA's Chair, communicated to the European Commission's DG FISMA,3 how it would prioritise the tasks and commitments set out in its 2025 Annual Work Programme (AWP).4 In 2024 ESMA published a prioritisation letter on 30 May 2024.5

Similar to the rationale set out in 2024, ESMA explains that the prioritisation exercise is aimed at ensuring ESMA's resources are appropriately allocated, in particular given the "...external factors impacting on ESMA's workload since the publication of the 2025 AWP. The primary external factor affecting ESMA this year is the coincidence of a large number of reviewed legislative files with the need to prepare for implementation of new responsibilities

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