On 24 June 2019, the European Securities and Markets Authority (ESMA) published a questionnaire which aims to gather evidence on potential short-term pressures on corporations stemming from the financial sector.

By December 2019, ESMA will deliver a report to the European Commission based on its findings, in line with the Commission’s request to each of the three European Supervisory Authorities. The report will present evidence and possibly advice on potential undue short-termism. The Commission will consider ways to follow up on the report’s findings, which may include policy actions.