European Securities and Markets Authority (ESMA)

The European Securities and Markets Authority (ESMA) is an independent regulatory agency of the European Union that aims to improve investor protection and promote stable, transparent financial markets in Europe. ESMA’s responsibilities include developing regulatory standards, supervising financial markets, and coordinating actions among national regulators to ensure consistent enforcement of EU securities laws. ESMA also provides guidance and recommendations to enhance the functioning of EU financial markets.

Example

ESMA sets regulations for financial products, such as transparency requirements for investment funds, to protect investors and maintain orderly markets.