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EU seeks nominations for stakeholder group on tokenisation standards in finance
EU seeks nominations for stakeholder group on tokenisation standards in finance
Digital Finance and InnovationThe European Central Bank (ECB), together with the European Commission and the European Securities and Markets Authority (ESMA), is calling upon wholesale financial industry stakeholders to express their interest in joining the European Tokenisation Standards Group (ETSG). The group will bring together industry stakeholders to develop common standards for an interconnected tokenised financial ecosystem.
The group aims to establish a framework for monitoring compliance with the agreed standards and may formulate recommendations for EU authorities on how to incentivise compliance with those standards. Its work will be market-driven and shaped by the contributions and consensus of industry stakeholders.
To this end, the ETSG will be chaired by participants from the industry, with the ECB, the Commission and ESMA acting as observers. Participation in the ETSG is open to a wide range of stakeholders, including EU associations, private entities, global institutions, fintech companies and technical providers working on tokenisation or DLT-based financial services, in accordance with its mandate.
Industry stakeholders and public bodies interested in joining the ETSG are invited to review the further background information and respond to the call for nominations. The deadline for submitting applications is 27 November 2026.
Further information:
Cristina Bonillo Olivares
Senior Communications Officer
press@esma.europa.eu09/11/2026 European Tokenisation Standards GroupCall for nominations for the European Tokenisation Standards Group 09/11/2026 European Tokenisation Standards GroupMandate of the European Tokenisation Standards Group ESMA publishes latest edition of its newsletter
ESMA publishes latest edition of its newsletter
ESMA newsletterThe European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has published today the latest edition of its Spotlight on Markets newsletter, covering key activities and publications from September and October 2026.
This edition opens with the appointment of Carlo Comporti as ESMA’s next Chair. His appointment was confirmed by the Council of the European Union, and he will take up his position on 1 November 2026.
Top news highlights include ESMA’s 2027 Annual Work Programme, setting out priorities for stronger, simpler and more integrated EU capital markets; the new Union Strategic Supervisory Priority on digital innovation; and the European Supervisory Authorities’ priorities for 2027.
Other key publications featured in this edition include:
- the preparations for the transition to T+1 settlement,
- the ESAs’ call for vigilance over external dependencies, cyber threats and private markets,
- ESMA’s proposals to make MiCA clearer, safer and ready for emerging services,
- and its second Trends, Risks and Vulnerabilities Report of 2026.
Other updates include a Memorandum of Understanding with the Securities and Exchange Board of India, ESMA’s analysis of the continued growth in cross-border investment services, as well as the latest supervisory, regulatory and enforcement developments.
The Spotlight on Markets newsletter is published regularly and is available on ESMA’s website. For regular updates, follow ESMA on LinkedIn, X and Instagram.
29/10/2026 ESMA newsletterNewsletter September and October 2026 ESMA proposes simpler EU Taxonomy reporting
ESMA proposes simpler EU Taxonomy reporting
Issuer disclosureSustainable financeThe European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has published its Final Report providing technical advice to the European Commission on simplifying key performance indicators under the Taxonomy Disclosures Delegated Act.
ESMA recommends narrowing the mandatory operating expenditure (OpEx) KPI to non-capitalised research and development expenditure. It also proposes simpler group Taxonomy reporting, including removing the weighted-average KPI, and targeted measures to make disclosures more proportionate, clearer and easier to use.
The Technical Advice was coordinated with the other European Supervisory Authorities, in particular on the voluntary use of counterparties’ OpEx information and group-level Taxonomy reporting.
The proposals support ESMA’s simplification and burden reduction objectives, while focussing reporting on information that is useful for decision-making, and preserving the relevance, comparability and reliability of Taxonomy disclosures.
Next steps
ESMA has submitted the Final Report and its technical advice to the European Commission for consideration in its review of the Taxonomy Disclosures Delegated Act.
Further information:
Ana Dilaverakis
Communications Officer
press@esma.europa.eu29/10/2026 ESMA32-846262651-5927Final report on Technical Advice on selected KPIs under the Taxonomy Disclosures Delegated Act ESMA streamlines several Q&As as part of simplification efforts
ESMA streamlines several Q&As as part of simplification efforts
Market AbuseMiFID - Secondary MarketsShort SellingSimplification and Burden ReductionThe European Securities and Markets Authority (ESMA), the EU regulator and supervisor, has updated its Questions and Answers (Q&As) on market structure under MiFID II, the Market Abuse Regulation (MAR) and the Short Selling Regulation (SSR), removing outdated, duplicative and no longer relevant guidance as part of its Simplification and Burden Reduction (SBR) initiative.
The exercise focused on identifying Q&As that are no longer relevant due to legislative amendments that are reflected in established market practices, or that are covered by other ESMA guidance. As a result, several Q&As have been withdrawn or amended, including instances where the same issues are addressed in other ESMA publications such as supervisory briefings and opinions.
The goal of the initiative is to reduce unnecessary complexity, remove obsolete guidance and ensure that ESMA's Q&As remain relevant, proportionate and consistent with the current legislative framework.
Stakeholders are encouraged to refer to the updated set of Q&As together with any other ESMA guidance for the most comprehensive interpretation of the applicable rules.
Further information:
Cristina Bonillo Olivares
Senior Communications Officer
press@esma.europa.euTayfun Yilmaz
Communications Officer
press@esma.europa.euESMA specifies requirements to facilitate safe use of post-trade risk reduction services
ESMA specifies requirements to facilitate safe use of post-trade risk reduction services
Guidelines and Technical standardsPost TradingThe European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has outlined the conditions that providers and users of post-trade risk reduction (PTRR) services need to meet for certain OTC derivative transactions to be exempt from the clearing obligation under EMIR 3. The new rules, published in its latest final report, also establish safeguards for the provision of these services and the monitoring of the use of the exemption.
With these new rules in place, the goal is to facilitate the use of PTRR services and ensure that the exemption is used under the conditions laid down in EMIR 3 and does not lead to the misuse of the clearing obligation.
The final report specifies the elements and requirements of PTRR services, including the information to be provided to participants, how exercises are carried out, the controls that providers should have in place, record-keeping and how the exemption will be monitored.
PTRR services help market participants manage their derivatives portfolios and reduce risks, thereby contributing to safer and more resilient derivatives markets.
The final rules build on existing market practices and aim to avoid introducing additional requirements where existing rules already meet the relevant objectives, in line with ESMA’s simplification and burden reduction objectives.
Next steps
The draft Regulatory Technical Standards will now be submitted to the European Commission for endorsement, in line with the standard review process.
Further information:
Cristina Bonillo Olivares
Senior Communications Officer
press@esma.europa.euTayfun Yilmaz
Communications Officer
press@esma.europa.eu
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