Characterised by innovative, online-only investment services, neo-brokers have grown rapidly in recent years. To gain understanding of their activities, and as part of continual monitoring efforts, ESMA conducted a market survey of EU-based neo-brokers in 2023. The results confirm that most of...

With this edition, the European Securities and Markets Authority continues its annual reporting on EU prospectuses under Article 47 of the Prospectus Regulation (PR)1 . This market report covers data for prospectuses approved in 2022, as well as securities reported in 2022 which has been made...

Identifying vulnerabilities of the investment fund sector in climate stress scenarios is of vital importance given the sector's size in the financial system and its crucial role financing the green transition. In line with recent ESMA mandates in this regard, this article outlines a first...

Our 2023 ESMA Market Report on the Costs and Performance of EU Retail Investment Products provides an overview of key developments up to the end of 2022, a year characterised by elevated inflation and subdued returns. Similarly to previous editions, this year's analysis covers Undertakings for...

The transition to а low-carbon economy requires trust in the commitment and ability of companies to adapt their business operations to help deliver climate-related objectives. However, greenwashing risks undermining this trust bу sapping consumer and investor confidence, underlining the...

ESMA is committed to providing an environment that is free from harassment, where everyone in the workplace is treated with respect and dignity. All staff share the responsibility for ensuring a ZERO TOLERANCE environment concerning harassment and/or violence at the workplace. This leaflet is...

ESMA is committed to providing an environment that is free from harassment, where everyone in the workplace is treated with respect and dignity. All staff share the responsibility for ensuring a ZERO TOLERANCE environment concerning harassment and/or violence at the workplace. This leaflet is...

Why are capital markets important for the EU economy? Capital markets are essential for the vitality of our economy - fuelling innovation, boosting businesses, and empowering individuals and societies to thrive and flourish. Gradual progress in recent years has improved the efficiency, scale and...

With this edition, the European Securities and Markets Authority presents its first market report on EU Securities Financing Transactions. Securities Financing Transactions (SFTs) are secured transactions in which assets are exchanged for cash. In addition to providing secured funding, SFTs also...