The 2023-2028 strategy will guide the European Securities and Markets Authority (ESMA) in its second decade.It builds on the successful development of ESMA since its establishment and reflects the evolving environment in which it operates.

ESMA plans to implement this strategy step by step over the next years, focusing on the strategic priorities and thematic drivers, while being mindful of market developments and emerging risks, as well as new legal mandates and available resources both at ESMA and National Competent Authorities (NCAs).

The strategy is structured around the following key areas:

• effective financial markets and financial stability;
• supervision and supervisory convergence;
• retail investor protection;
• sustainable finance;
  
• technological innovation and increased use of data.