ESMA published its 2013 Regulatory Work Programme which is based on its 2013 Work Programme, published in October 2012. It provides a detailed breakdown of the individual workstreams as outlined in the 2013 Work Programme. The workstreams cover CRA3 Regulation, Social Entrepreneurship Funds, Venture Capital Regulation, UCITS IV and V, AIFMD, Omnibus I & II Directives, Transparency Directive, Prospectus Directive, Take-Over Directive, MiFID, MiFIR, EMIR, CSD Regulation, Market Abuse Regulation and the Short Selling Regulation.
The Regulatory Work Programme should normally be published in conjunction with the annual Work Programme on which it is based. However, the 2013 RWP was delayed due to uncertainty over several components of the EU’s legislative programme.