The European Securities and Markets Authority (ESMA) is the European Union’s independent financial regulator responsible for safeguarding the stability and integrity of EU securities markets. It develops technical standards, supervises certain market participants such as credit-rating agencies, and coordinates national regulators to ensure consistent application of EU financial law. ESMA plays a central role in regimes such as MiCA for crypto-assets and in securities and regulatory-reporting rules.
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- It issues binding technical standards, supervises selected entities, and promotes supervisory convergence among national authorities. ESMA is a key implementer of EU frameworks covering markets, disclosure, and crypto-assets under MiCA.