ESMA newsletter : Newsletter April and May 2025

EDITION N° 63 Spotlight on Markets – April & May 2025 RETAIL INVESTOR JOURNEY In this edition Clearing in light of EMIR 3 and SIU Guidelines to prevent market abuse under MiCA Technical advice on market abuse and SME Growth Markets Report on the Quality and Use of Data GettyImages-1495975491 In this issue ESMA in April and May April & May 2025 ESMA asks input on the retail investor journey as part of simplification and burden reduction efforts 4 9 EMIR 3: A Pivotal Step Forward EU clearing in light of EMIR 3 and the SIU 10 12 ESMA urges social media companies to tackle unauthorised financial ads 13 Supervisory guidelines to prevent market abuse under MiCA 14 Technical advice on market abuse and SME Growth Markets as part of the Listing Act 16 ESMA report shows increased data use across EU and first effects of reporting burden reduction efforts 2 In this issue April & May 2025 18 Consultation on rules for ESG Rating Providers 19 ESAs 2024 Joint Annual Report Look ahead Consultations and events 21 Contact info 22 3 April & May 2025 ESMA asks input on the retail investor journey as part of simplification and burden reduction efforts The European Securities and Markets Authority (ESMA) has launched a Call for Evidence (CfE) on the retail investor journey under MiFID II. The purpose of this CfE is to gather feedback from stakeholders to better understand how retail investors engage with investment services, and whether regulatory or...