meta_id 3205943

On June 2, 2026, the European Securities and Markets Authority (ESMA) wrote to the European Commission outlining its prioritisation of 2026 deliverables in response to new legal mandates and external factors affecting its workload. ESMA's letter, addressed to the Director General of the Directorate General Financial Services, Financial Stability and Capital Markets Union, details how the authority is reallocating resources to manage competing demands while maintaining supervisory effectiveness. ESMA identified several factors driving its prioritisation exercise: the publication of the Market Integration and Supervision Package (MISP) proposal and the European Commission's political priority towards simplification and burden reduction. To avoid imposing multiple, potentially inconsistent changes on financial market participants, ESMA postponed public consultations on planned policy deliverables that could be altered by the MISP package's final legislative outcome. ESMA also deprioritised a short list of reports with limited added value due to insufficient new data or interactions with the MISP package. Resources freed from postponing these deliverables will be directed towards ESMA's highest priority workstreams for 2026, including preparation for supervision and authorisation of consolidated tape providers and ESG rating providers; simplification and burden reduction in data reporting; T+1 settlement preparation; convergence actions supporting Markets in Crypto-Assets Regulation (MiCA) implementation; tokenisation impact assessment; European Market Infrastructure Regulation (EMIR) 3 implementation; European Single Access Point (ESAP) phase 1 delivery; and preliminary work on mandates under new legislative files, including the Retail Investment Strategy. ESMA also requested the Commission consider repealing or making optional specific sectoral mandates for recurrent reporting set out in its letter's annexes. ESMA noted that while each mandate was justified individually, their cumulative impact constrains effective resource allocation. The authority proposed consolidating similar mandates into single annual reports or integrating findings into regular flagship publications and interactive dashboards.