The European Securities and Markets Authority (ESMA) has published its 2017 Supervisory Convergence Work Programme which details activities and tasks it will carry out to promote sound, efficient and consistent supervision across the EU. In particular, ESMA will focus on the following priorities:
- the implementation of MiFID II/MiFIR and Market Abuse Regulation including the underlying IT projects;
- improving the quality to data collected by national competent authorities (NCAs);
- investor protection in the context of cross-border provision of services; and
- convergence in the supervision of European Union central counterparties.
In addition, ESMA will support NCAs through facilitating an effective supervisory dialogue and day-to-day contacts supporting a common supervisory culture. ESMA will also ensure more systematic monitoring of compliance by NCAs with guidelines and peer review recommendations and will provide remediation as required.
View ESMA supervisory convergence work programme for 2017, 9 February 2017