ESMA Outlines 2027 MiCA Regulatory Priorities

ESMA has released its 2027 work plan, focusing on CASP operational resilience, outsourcing, liquidity, reverse solicitation, and asset classification. The agency plans to unify reporting requirements and develop the MIDAS system to monitor market abuse under the MiCA framework. The first phase of MIDAS is expected to be fully operational by 2027, with analytical features and expanded data integration planned for the fourth quarter, pending board approval.