Management Board : Summary of Conclusions Management Board - May 2025

Summary of Conclusions Management Board Date: 19 May 2025 Time: 15h00 – 18h05 12 June 2025 ESMA22-1669215091-6136 Location: ESMA Premises, Tour IBOX, 201-203 rue de Bercy, Paris, France Contact: ESMABoard@esma.europa.eu 1. Adoption of agenda Decision Decision: The agenda was adopted. 2. Confirmation of absence of conflict of interests Decision Conclusion: ESMA Chair stated not to have received any indication by a Board Member of any interest which might be considered prejudicial to her/his independence in relation to any item on the agenda. Discussion 3. Report by ESMA Chair, Executive Director and Chair of the CCP Supervisory Committee The Executive Director updated the Management Board on the status of the ESMA Building project and the recent interaction with the budgetary authorities. 4. Results from the WG on ESMA’s funding model 1) Presentation Discussion 2) Note Discussion The Executive Director presented the draft potential recommendations of the Board-level working group on the future of ESMA’s funding model. The Management Board discussed the draft recommendations and, in particular, the: ⎯ guiding principles for developing a sustainable and forward-looking funding framework taking into account evolving financial markets and the growing expectations for ESMA in the context of the Savings and Investment Union (SIU); ESMA - 201-203 rue de Bercy - CS 80910 - 75589 Paris Cedex 12 - France - www.esma.europa.eu 1 ⎯ proposals to simplify...