Recital 14
(14) The objective of ESMA is to protect the public interest by contributing to the stability and effectiveness of the financial system, for the Union economy, its citizens and businesses. In that context, ESMA contributes in particular to ensuring the integrity, transparency, efficiency and orderly functioning of financial markets. It has, amongst others, the task of improving investor protection. Accordingly, ESMA should be given the task of establishing and operating ESAP.
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Source: EUR-Lex (Cellar) · retrieved 2026-10-12 · Text as adopted (Official Journal); later amendments are not incorporated in this text.