ESMA has published a paper setting out six high-level principles guiding the interaction with stakeholders in the course of peer reviews. ESMA defines stakeholders as third parties affected or having any type of interest or responsibility in the subject being examined in the context of a peer review, but not subject to the peer review, which means that national competent authorities cannot be regarded as stakeholders. The principles contribute to ESMA's commitment to focus in 2016 on supervisory convergence and ensure consistency of supervisory tools, in line with its supervisory convergence work programme.