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  <title>Regulation · European Union · Diting Lab</title>
  <subtitle>Research papers and global crypto regulation, at a glance</subtitle>
  <id>urn:diting-lab:feed:en/laws/EU/feed.xml</id>
  <link rel="self" type="application/atom+xml" href="https://ditinglab.org/en/laws/EU/feed.xml"/>
  <link rel="alternate" type="text/html" href="https://ditinglab.org/en/laws/EU/index.html"/>
  <updated>2026-11-09T21:58:58+09:00</updated>
  <author><name>Diting Lab</name></author>
  <rights>Explanations and summaries are generated by AI from the original text. Dates, rates and amounts are checked against the source, but errors are still possible, so always rely on the original. Nothing here is legal, tax or investment advice.</rights>
  <entry>
    <title>EU calls for nominations to tokenisation standards stakeholder group</title>
    <link rel="alternate" href="https://www.esma.europa.eu/press-news/esma-news/eu-seeks-nominations-stakeholder-group-tokenisation-standards-finance"/>
    <id>urn:diting-lab:en:doc:515777</id>
<published>2026-11-09T00:00:00+09:00</published>    <updated>2026-11-09T21:58:58+09:00</updated>
    <category term="European Union"/>
    <summary type="text">EU seeks nominations for stakeholder group on tokenisation standards in finance
ESMA · Nov 9, 2026The ECB, European Commission and ESMA invite industry stakeholders to join the European Tokenisation Standards Group, which will develop common standards for an interconnected tokenised financial ecosystem. The group is market-driven and chaired by industry participants, with the three bodies acting as observers. The deadline for applications is 27 November 2026.
The archived text and attachments run to about 23,320 characters; the summary is based only on the first 12,000. Check the original. 5 later passages mentioning crypto assets were also used to judge the topic.</summary>
  </entry>
  <entry>
    <title>ESMA releases latest Spotlight on Markets newsletter</title>
    <link rel="alternate" href="https://www.esma.europa.eu/press-news/esma-news/esma-publishes-latest-edition-its-newsletter-45"/>
    <id>urn:diting-lab:en:doc:335297</id>
<published>2026-10-29T00:00:00+09:00</published>    <updated>2026-10-30T00:42:31+09:00</updated>
    <category term="European Union"/>
    <summary type="text">ESMA publishes latest edition of its newsletter
ESMA · Oct 29, 2026 · CryptoTopic evidence: 「ESMA calls for changes to make MiCA clearer, safer and ready for emerging services」
The European Securities and Markets Authority (ESMA) has published the latest edition of its Spotlight on Markets newsletter, covering its key activities and publications from October 2026. It covers the appointment of Carlo Comporti as ESMA Chair, taking up the role on 1 November 2026, along with the 2027 Annual Work Programme and a new supervisory priority on digital innovation. It also features ESMA proposals to make MiCA clearer and safer.
The archived text and attachments run to about 66,208 characters; the summary is based only on the first 12,000. Check the original. 5 later passages mentioning crypto assets were also used to judge the topic.</summary>
  </entry>
  <entry>
    <title>ESMA sets requirements for post-trade risk reduction services</title>
    <link rel="alternate" href="https://www.esma.europa.eu/press-news/esma-news/esma-specifies-requirements-facilitate-safe-use-post-trade-risk-reduction"/>
    <id>urn:diting-lab:en:doc:2234</id>
<published>2026-10-20T00:00:00+09:00</published>    <updated>2026-10-30T00:42:31+09:00</updated>
    <category term="European Union"/>
    <summary type="text">ESMA specifies requirements to facilitate safe use of post-trade risk reduction services
ESMA · Oct 20, 2026 · RuleESMA&#39;s final report sets out conditions that providers and users of post-trade risk reduction (PTRR) services must meet for certain OTC derivative transactions to be exempt from the clearing obligation under EMIR 3. It specifies service elements, information for participants, how exercises are carried out, provider controls, record-keeping and monitoring of the exemption.
The archived text and attachments run to about 185,344 characters; the summary is based only on the first 12,000. Check the original.</summary>
  </entry>
  <entry>
    <title>ESMA proposes simpler EU Taxonomy reporting rules</title>
    <link rel="alternate" href="https://www.esma.europa.eu/press-news/esma-news/esma-proposes-simpler-eu-taxonomy-reporting"/>
    <id>urn:diting-lab:en:doc:330280</id>
<published>2026-10-29T00:00:00+09:00</published>    <updated>2026-10-29T20:45:54+09:00</updated>
    <category term="European Union"/>
    <summary type="text">ESMA proposes simpler EU Taxonomy reporting
ESMA · Oct 29, 2026 · ReportESMA has published a final report giving the European Commission technical advice on simplifying key performance indicators in the Taxonomy Disclosures Delegated Act. It recommends limiting the mandatory operating expenditure KPI to non-capitalised R&amp;D spending and simplifying group-level reporting, including removing the weighted-average KPI. The report also proposes targeted measures to make disclosures more proportionate and clearer.
The archived text and attachments run to about 295,059 characters; the summary is based only on the first 12,000. Check the original.</summary>
  </entry>
  <entry>
    <title>ESMA report on the growth of cross-border investment services</title>
    <link rel="alternate" href="https://www.esma.europa.eu/press-news/esma-news/esma-analysis-shows-continued-growth-cross-border-investment-services"/>
    <id>urn:diting-lab:en:doc:2240</id>
<published>2026-10-14T00:00:00+09:00</published>    <updated>2026-10-29T13:00:57+09:00</updated>
    <category term="European Union"/>
    <summary type="text">ESMA analysis shows continued growth in cross-border investment services
ESMA · Oct 14, 2026 · ReportESMA and national competent authorities completed their annual analysis of cross-border investment services provided to retail clients in 2025, covering 30 EU/EEA jurisdictions. The report counts 379 firms providing cross-border services and about 15.5 million retail clients receiving services from firms in other Member States, almost twice the 2023 figure. Complaints remained stable.
The archived text and attachments run to about 44,161 characters; the summary is based only on the first 12,000. Check the original. 2 later passages mentioning crypto assets were also used to judge the topic.</summary>
  </entry>
  <entry>
    <title>ESMA publishes 2027 work programme setting priorities for simpler, more integrated EU capital markets</title>
    <link rel="alternate" href="https://www.esma.europa.eu/press-news/esma-news/esma-sets-2027-priorities-stronger-simpler-and-more-integrated-eu-capital"/>
    <id>urn:diting-lab:en:doc:93325</id>
<published>2026-09-28T00:00:00+09:00</published>    <updated>2026-10-29T11:57:47+09:00</updated>
    <category term="European Union"/>
    <summary type="text">ESMA sets 2027 priorities for stronger, simpler and more integrated EU capital markets
ESMA · Sep 28, 2026 · Report · CryptoTopic evidence: 「ESMA will focus its 2027 MiCA activities on driving supervisory convergence for CASP supervision and operational resilience」
The European Securities and Markets Authority (ESMA) has published its 2027 annual work programme, guided by its 2023–2028 multi-annual strategy. The programme marks a shift from preparation to delivery, covering expanded supervisory mandates, simplification of reporting and supervision, data and technology use, and supervisory convergence for crypto-asset service providers under MiCA.
The archived text and attachments run to about 204,488 characters; the summary is based only on the first 12,000. Check the original. 5 later passages mentioning crypto assets were also used to judge the topic.</summary>
  </entry>
  <entry>
    <title>ESMA urges MiCA changes to add clarity, investor protection and rules for emerging crypto services</title>
    <link rel="alternate" href="https://www.esma.europa.eu/press-news/esma-news/esma-calls-changes-make-mica-clearer-safer-and-ready-emerging-services"/>
    <id>urn:diting-lab:en:doc:93324</id>
<published>2026-09-30T00:00:00+09:00</published>    <updated>2026-10-29T11:57:47+09:00</updated>
    <category term="European Union"/>
    <summary type="text">ESMA calls for changes to make MiCA clearer, safer and ready for emerging services
ESMA · Sep 30, 2026 · Draft / consultation · CryptoTopic evidence: 「ESMA calls for changes to make MiCA clearer, safer and ready for emerging services」
The European Securities and Markets Authority (ESMA) responded to the European Commission&#39;s consultation on reviewing the Markets in Crypto-Assets Regulation (MiCA). Its recommendations include stronger investor protection such as marketing restrictions and cost transparency, enhanced supervisory powers, a new regulated service for firms giving access to DeFi, and clearer token classification rules.
The archived text and attachments run to about 41,734 characters; the summary is based only on the first 12,000. Check the original. 5 later passages mentioning crypto assets were also used to judge the topic.</summary>
  </entry>
  <entry>
    <title>ESMA clarifies EU market access to third-country CSD services</title>
    <link rel="alternate" href="https://www.esma.europa.eu/press-news/esma-news/esma-clarifies-access-eu-market-participants-services-third-country-csds"/>
    <id>urn:diting-lab:en:doc:93323</id>
<published>2026-10-07T00:00:00+09:00</published>    <updated>2026-10-29T11:57:47+09:00</updated>
    <category term="European Union"/>
    <summary type="text">ESMA clarifies access for EU market participants to the services of third-country CSDs
ESMA · Oct 7, 2026 · GuidanceThe European Securities and Markets Authority (ESMA) issued a statement saying EU market participants should not be blocked from using third-country central securities depositories (CSDs) after 17 January 2027, until the EU finalises legislation extending the current transitional regime. The Market Integration and Supervision Package proposes a three-year extension, which the Council and European Parliament both support. ESMA expects national competent authorities not to prioritise supervisory or enforcement action against unrecognised third-country CSDs until the extension takes effect.</summary>
  </entry>
  <entry>
    <title>ESMA sets out supervisory expectations on services related to unauthorised stablecoins</title>
    <link rel="alternate" href="https://www.esma.europa.eu/press-news/esma-news/esma-sets-out-supervisory-expectations-services-related-unauthorised"/>
    <id>urn:diting-lab:en:doc:93322</id>
<published>2026-10-08T00:00:00+09:00</published>    <updated>2026-10-29T11:57:47+09:00</updated>
    <category term="European Union"/>
    <summary type="text">ESMA sets out supervisory expectations on services related to unauthorised stablecoins
ESMA · Oct 8, 2026 · Guidance · CryptoTopic evidence: 「Crypto-asset service providers (CASPs) authorised under MiCA should cease providing services related to non-MiCA-compliant stablecoins to clients in the European Union.」
The European Securities and Markets Authority has issued an opinion on crypto-asset services involving stablecoins (ARTs and EMTs) that do not comply with MiCA. It says MiCA-authorised crypto-asset service providers should stop providing services related to such non-compliant stablecoins to EU clients, and that national authorities should ensure appropriate controls are in place. Remaining legacy exposures should be remediated within three months of publication.
The archived text and attachments run to about 15,781 characters; the summary is based only on the first 12,000. Check the original. 2 later passages mentioning crypto assets were also used to judge the topic.</summary>
  </entry>
  <entry>
    <title>ESMA seeks evidence on tokenised collateral in central clearing</title>
    <link rel="alternate" href="https://www.esma.europa.eu/press-news/esma-news/esma-seeks-evidence-use-tokenised-collateral-central-clearing"/>
    <id>urn:diting-lab:en:doc:93321</id>
<published>2026-10-09T00:00:00+09:00</published>    <updated>2026-10-29T11:57:47+09:00</updated>
    <category term="European Union"/>
    <summary type="text">ESMA seeks evidence on the use of tokenised collateral in central clearing
ESMA · Oct 9, 2026 · Draft / consultation · CryptoTopic evidence: 「ESMA is seeking feedback on how these models would operate throughout the collateral lifecycle, particularly in the event of a clearing member default.」
ESMA has launched a Call for Evidence on whether and under what conditions EU central counterparties (CCPs) could safely use tokenised collateral. It examines tokenisation models across the collateral lifecycle, including how they would operate in the event of a clearing member default. Contributions are due by 15 January 2027, and ESMA will assess feedback in Q1 2027.
The archived text and attachments run to about 100,929 characters; the summary is based only on the first 12,000. Check the original. 5 later passages mentioning crypto assets were also used to judge the topic.</summary>
  </entry>
  <entry>
    <title>Carlo Comporti named Chair of ESMA, the EU securities markets regulator</title>
    <link rel="alternate" href="https://www.esma.europa.eu/press-news/esma-news/carlo-comporti-appointed-chair-european-securities-and-markets-authority"/>
    <id>urn:diting-lab:en:doc:93320</id>
<published>2026-10-09T00:00:00+09:00</published>    <updated>2026-10-29T11:57:47+09:00</updated>
    <category term="European Union"/>
    <summary type="text">Carlo Comporti appointed Chair of the European Securities and Markets Authority
ESMA · Oct 9, 2026 · PersonnelThe European Securities and Markets Authority (ESMA) announced that Carlo Comporti has been appointed as its next Chair, confirmed by the Council of the European Union. He will take up the position on 1 November 2026. Current Chair Verena Ross welcomed him and thanked colleagues for their work during her five years in the role. Comporti previously served as a Commissioner at Italy&#39;s CONSOB.</summary>
  </entry>
  <entry>
    <title>ESMA names Carlos San Basilio to its Management Board</title>
    <link rel="alternate" href="https://www.esma.europa.eu/press-news/esma-news/esma-appoints-carlos-san-basilio-new-member-its-management-board"/>
    <id>urn:diting-lab:en:doc:93319</id>
<published>2026-10-09T00:00:00+09:00</published>    <updated>2026-10-29T11:57:47+09:00</updated>
    <category term="European Union"/>
    <summary type="text">ESMA appoints Carlos San Basilio as the new member of its Management Board
ESMA · Oct 9, 2026 · PersonnelThe European Securities and Markets Authority (ESMA) has appointed Carlos San Basilio of Spain&#39;s CNMV as a new Management Board member. He replaces Carlo Comporti of Italy&#39;s CONSOB, who steps down to become ESMA Chair effective 1 November. The election took place at the Board of Supervisors meeting in Paris on 6 October 2026.</summary>
  </entry>
  <entry>
    <title>ESMA issues thematic note on clarity in impact claims for sustainable investments</title>
    <link rel="alternate" href="https://www.esma.europa.eu/press-news/esma-news/esma-promotes-clarity-claims-impact-and-transition"/>
    <id>urn:diting-lab:en:doc:93318</id>
<published>2026-10-12T00:00:00+09:00</published>    <updated>2026-10-29T11:57:47+09:00</updated>
    <category term="European Union"/>
    <summary type="text">ESMA promotes clarity in claims on impact and transition
ESMA · Oct 12, 2026 · GuidanceThe European Securities and Markets Authority (ESMA) has published a third thematic note on claims of positive impact made through funds and bonds. It encourages market participants to explain clearly what difference they aim to make, how they will generate impact, and how they will measure results. The note also asks them to distinguish investee impact from investor impact. It does not create new regulatory requirements.
The archived text and attachments run to about 108,890 characters; the summary is based only on the first 12,000. Check the original.</summary>
  </entry>
  <entry>
    <title>ESMA sets 2026 priorities for enforcing listed companies&#39; annual financial reports</title>
    <link rel="alternate" href="https://www.esma.europa.eu/press-news/esma-news/esma-sets-out-2026-european-common-enforcement-priorities"/>
    <id>urn:diting-lab:en:doc:2242</id>
<published>2026-10-13T00:00:00+09:00</published>    <updated>2026-10-29T11:57:47+09:00</updated>
    <category term="European Union"/>
    <summary type="text">ESMA sets out 2026 European Common Enforcement Priorities
ESMA · Oct 13, 2026 · GuidanceThe European Securities and Markets Authority has set out its 2026 European Common Enforcement Priorities for listed issuers&#39; annual financial reports. The priorities cover IFRS financial statements, including geopolitical risks and restructuring provisions, sustainability statements under ESRS, including materiality assessment, and ESEF digital reporting errors in the statement of changes in equity. Issuers, auditors and supervisors are asked to apply the recommendations in light of materiality and relevance.
The archived text and attachments run to about 86,550 characters; the summary is based only on the first 12,000. Check the original.</summary>
  </entry>
  <entry>
    <title>EU financial supervisors publish 2027 joint work programme</title>
    <link rel="alternate" href="https://www.esma.europa.eu/press-news/esma-news/european-supervisory-authorities-set-priorities-2027"/>
    <id>urn:diting-lab:en:doc:2241</id>
<published>2026-10-13T00:00:00+09:00</published>    <updated>2026-10-29T11:57:47+09:00</updated>
    <category term="European Union"/>
    <summary type="text">European Supervisory Authorities set priorities for 2027
ESMA · Oct 13, 2026 · ReportThe Joint Committee of the three European Supervisory Authorities published its 2027 work programme, setting priorities on digital operational resilience, financial innovation, consumer protection, sustainable finance, securitisation and cross-sectoral risk monitoring. It includes support for the DORA review and a special focus on AI and tokenisation in 2027.
The archived text and attachments run to about 22,686 characters; the summary is based only on the first 12,000. Check the original. 2 later passages mentioning crypto assets were also used to judge the topic.</summary>
  </entry>
  <entry>
    <title>ESMA&#39;s third sanctions report calls for greater convergence in enforcement across EU markets.</title>
    <link rel="alternate" href="https://www.esma.europa.eu/press-news/esma-news/esmas-third-sanctions-report-highlights-need-greater-convergence-enforcement"/>
    <id>urn:diting-lab:en:doc:2239</id>
<published>2026-10-15T00:00:00+09:00</published>    <updated>2026-10-29T11:57:47+09:00</updated>
    <category term="European Union"/>
    <summary type="text">ESMA&#39;s third Sanctions Report highlights the need for greater convergence in enforcement
ESMA · Oct 15, 2026 · ReportThe European Securities and Markets Authority published its consolidated report on administrative sanctions and measures imposed across the EEA in 2025. National authorities imposed 955 sanctions and measures, with administrative fines totalling about €82 million. The report finds enforcement is concentrated in a few Member States and calls for greater convergence.
The archived text and attachments run to about 158,459 characters; the summary is based only on the first 12,000. Check the original. 5 later passages mentioning crypto assets were also used to judge the topic.</summary>
  </entry>
  <entry>
    <title>ESMA updates transparency manual with OTC derivatives and tick-size guidance</title>
    <link rel="alternate" href="https://www.esma.europa.eu/press-news/esma-news/esma-updates-its-manual-transparency-new-guidance-otc-derivatives-and-tick"/>
    <id>urn:diting-lab:en:doc:2238</id>
<published>2026-10-15T00:00:00+09:00</published>    <updated>2026-10-29T11:57:47+09:00</updated>
    <category term="European Union"/>
    <summary type="text">ESMA updates its manual on transparency with new guidance for OTC derivatives and tick-size regime
ESMA · Oct 15, 2026 · GuidanceThe European Securities and Markets Authority (ESMA) has updated its manual on pre- and post-trade transparency under MiFID II/MiFIR. The update clarifies which OTC derivatives are subject to transparency requirements and how their identifying reference data should be provided. It also adds published Q&amp;As and recommendations on the tick-size regime. The manual remains a draft until the related technical standards enter into force.
The archived text and attachments run to about 531,084 characters; the summary is based only on the first 12,000. Check the original. 2 later passages mentioning crypto assets were also used to judge the topic.</summary>
  </entry>
  <entry>
    <title>One year until EU T+1 settlement: regulatory framework complete, implementation now the focus</title>
    <link rel="alternate" href="https://www.esma.europa.eu/press-news/esma-news/one-year-go-t1-settlement-regulatory-framework-complete-now-lets-make-it"/>
    <id>urn:diting-lab:en:doc:2237</id>
<published>2026-10-16T00:00:00+09:00</published>    <updated>2026-10-29T11:57:47+09:00</updated>
    <category term="European Union"/>
    <summary type="text">One year to go for T+1 settlement: the regulatory framework is complete, now let’s make it happen
ESMA · Oct 16, 2026 · GuidanceESMA urges market participants to finish technical preparations and begin testing across the trading and settlement chain ahead of the EU&#39;s switch to T+1 settlement on 11 October 2027. It has published revised guidelines on standardised procedures and messaging protocols, completing the regulatory framework. Investment firms and their clients must comply with new requirements on allocations and confirmations from 7 December 2026..
The archived text and attachments run to about 176,280 characters; the summary is based only on the first 12,000. Check the original.</summary>
  </entry>
  <entry>
    <title>ESMA finalises revised guidance on delaying disclosure of inside information</title>
    <link rel="alternate" href="https://www.esma.europa.eu/press-news/esma-news/esma-finalises-review-guidelines-delay-disclosure-inside-information"/>
    <id>urn:diting-lab:en:doc:2236</id>
<published>2026-10-16T00:00:00+09:00</published>    <updated>2026-10-29T11:57:47+09:00</updated>
    <category term="European Union"/>
    <summary type="text">ESMA finalises the review of guidelines on the delay in disclosure of inside information
ESMA · Oct 16, 2026 · GuidanceThe European Securities and Markets Authority (ESMA) has updated and streamlined its MAR guidelines on delaying the disclosure of inside information. The revision adds five legitimate interests that can justify a delay and removes those linked to protracted processes, since issuers no longer must disclose such information before completion from June 2026. The revised guidelines apply from their publication on ESMA&#39;s website in the 24 official EU languages.
The archived text and attachments run to about 105,485 characters; the summary is based only on the first 12,000. Check the original.</summary>
  </entry>
  <entry>
    <title>ESMA publishes new Q&amp;As on several regulatory topics</title>
    <link rel="alternate" href="https://www.esma.europa.eu/press-news/esma-news/new-qas-available-27"/>
    <id>urn:diting-lab:en:doc:2235</id>
<published>2026-10-16T00:00:00+09:00</published>    <updated>2026-10-29T11:57:47+09:00</updated>
    <category term="European Union"/>
    <summary type="text">New Q&amp;As available
ESMA · Oct 16, 2026 · GuidanceESMA has published new Q&amp;As covering European crowdfunding service providers, MiCA, and central counterparties under EMIR. The items address the AAR 85% exemption, AAR thresholds calculation, and the AAR representativeness obligation.</summary>
  </entry>
</feed>
