The European Securities and Markets Authority (ESMA) published on 6 May 2026 a reference document detailing its staff stakeholder contacts during the fourth quarter of 2025. The report lists meetings and interactions with market participants, trade associations, and other entities, offering transparency into the agency's engagement during the period without disclosing the content of discussions.
The document covers October to December 2025 and includes contacts across ESMA's supervisory, policy, and enforcement functions. Named organisations include the Association for Financial Markets in Europe (AFME), the International Swaps and Derivatives Association (ISDA), and several investment firms and asset managers. The report provides dates and the ESMA departments involved but no analysis or commentary.
This publication is part of ESMA's ongoing commitment to transparency under its stakeholder engagement policy, which was strengthened in 2023. The agency regularly releases such reports to allow public scrutiny of its interactions with external parties. The Q4 2025 report follows similar disclosures for previous quarters, maintaining a consistent practice.
No new policy announcements or regulatory decisions are included. The document serves purely as a record of contacts, with no indication of specific regulatory outcomes resulting from these interactions. ESMA's stakeholder contacts are subject to internal guidelines to ensure balanced representation and avoid conflicts of interest.
Stakeholders impacted include financial industry associations and individual firms that engaged with ESMA during the period. The disclosure practice enhances accountability without compromising the confidentiality of supervisory discussions. No immediate institutional follow-up is expected; future quarterly reports will continue to be published on a regular basis.
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