ESMA sets new supervisory priority on digital innovation from 2027

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The European Securities and Markets Authority (ESMA) announced a new Union Strategic Supervisory Priority (USSP) focused on digital innovation, set to begin in 2027. In collaboration with national authorities, the priority will initially focus on supervised entities' use of artificial intelligence and tokenisation. The new priority will run alongside an existing USSP on cyber and operational resilience, while ESMA concludes its USSP on ESG disclosures.