In the spotlight
Commission report confirms the system’s effectiveness, while updated guidance will improve the risk management and supervision of money market funds.
The aim of the strategy is to boost efficiency, scale, and market connectivity for the benefit of EU households and businesses.
These technologies can reduce payment and settlement frictions, improve liquidity management, enable programmability and streamline reconciliation.
A lot has changed since the original directive was adopted – and UCITS funds have been able to adapt to innovation in financial markets.
New EU rules are fostering the sharing and reuse of supervisory data and reducing redundant reporting.
Starting in June, companies seeking to provide independent external reviews of European green bonds will need to register with ESMA.
This page was last updated on 16 April 2026