Tag: ESMA

The move brings crypto firms under full FCA regulation for the first time, three months after the transition period for MiCA regulation in the EU ended. 

In light of Europe's consolidated tape and 2027 T+1 deadlines, ESMA has published its work programme for next year, setting out its supervisory, market efficiency and simplification priorities.  

The tape is now set to go live on 14 September 2026; authorisation process included assessment of EuroCTP’s data quality and performances, operational resilience, commercial model and governance. 

The transition deadline came to an end of 1 July 2026, and will also mean non-EU entities cannot provide crypto-asset services to EU clients, nor can certain services be outsourced to unauthorised firms.  

The proposed recommendations will operate as a ‘report once’ single integrated framework spanning Mifir, EMIR and SFTR; the regulatory body has indicated that it could deliver up to €1 billion in annual net savings. 

The five investors - Barclays, Citadel Securities, Deutsche Bank, TP ICAP and UBS Investment Bank – will provide technology infrastructure and market structure expertise for the tape.  

The past week saw a range of trading and market structure appointments across the buy- and sell-side, alongside a new regulatory advisory role. 

European Securities and Markets Authority (ESMA) is wary of tokenisation risks as momentum builds through interoperability, on-chain cash and regulatory frameworks.

Move is aimed at assisting National Competent Authorities (NCAs) with practical tools when it comes to supervision of algo trading under Mifid II.