On 7 July 2026 the European Systemic Risk Board published a formal warning that frontier artificial intelligence models are now a source of systemic cyber risk with direct implications for DORA cyber risk reporting across the EU financial system, and the three European Supervisory Authorities backed it the same day. On the same date, ECB…
On 10 July 2026, ESMA started pulling regulated disclosures into the European Single Access Point (ESAP). The public ESAP portal is not yet accessible; Regulation (EU) 2023/2859 requires ESMA to establish and operate it by 10 July 2027. What went live on 10 July was the plumbing underneath it: from that date, Officially Appointed Mechanisms…
On 8 July 2026 the European Securities and Markets Authority published its final report on the technical standards that flesh out how EU central counterparties must build their CCP admission criteria (ESMA91-1505572268-4692). The standards sit under Article 37(7) of EMIR, the participation-requirements article that Regulation (EU) 2024/2987, better known as EMIR 3, rewrote when it…
On 8 July 2026 the European Securities and Markets Authority launched a Common Supervisory Action on crypto-asset service providers, aimed squarely at one activity: custody. The exercise assesses the maturity of CASP digital operational resilience frameworks for custody services, and national competent authorities will run it on a risk-based sample of authorised CASPs from the…
On 6 July 2026, the European Securities and Markets Authority (ESMA) published the first stage of its effectiveness assessment of the EMIR Active Account Requirement, together with the first annual report of the Joint Monitoring Mechanism. The rule applies to financial and non-financial EU counterparties that are subject to the EMIR clearing obligation and meet…
On 6 July 2026 the European Securities and Markets Authority (ESMA) selected Etrading Software (Netherlands) B.V. to run the EU’s OTC derivatives consolidated tape, naming it the consolidated tape provider for over-the-counter derivatives under the Markets in Financial Instruments Regulation (MiFIR). It is the third and last asset class under Article 27da of MiFIR to…
On 1 July 2026 the three European Supervisory Authorities each opened a consultation on rewriting the Key Performance Indicators that firms disclose under Article 8 of the EU Taxonomy Regulation. ESMA published a Consultation Paper, the European Banking Authority a Discussion Paper, and EIOPA a consultation on the insurance side. All three close on 12…
Luxembourg counterparties that clear euro or Polish zloty interest rate derivatives face their first round of EMIR active account reporting around the end of this month. ESMA’s supervisory guidance sets the first report under Article 7b of the European Market Infrastructure Regulation for 31 July 2026, covering the stretch from 25 June 2025, when the…
On 2 July 2026, ESMA put a price on something reporting teams have grumbled about for years. The regulator published its final report on the transaction reporting simplification agenda and estimated that cutting duplication across EMIR, MiFIR and SFTR could save the industry up to EUR 1 billion a year. The figure sits at the…
Last updated: June 2026 MiCA CASP wind-down becomes the immediate operating question where a crypto-asset service provider reaches the end of its applicable transitional period, and in all cases 1 July 2026, without a MiCA authorisation. The provider cannot keep trading. It cannot onboard. In most cases it cannot even continue holding client crypto-assets except…