On 16 October 2025, the Joint Committee (JC) of the European Supervisory Authorities (ESAs) published its 2026 Work Programme.

Highlights from the 2026 Work Programme include:

• With the implementation of the Digital Operational Resilience Act (DORA), the JC will concentrate on the effective operation of the new oversight framework and work related to supervisory convergence of DORA. In 2026, the first complete cycle of oversight activities will take place.
• The ESAs expect to work on drafting regulatory technical standards based on the empowerments in the proposed amendments to the Regulation on key information documents for packaged retail and insurance-based investment products (PRIIPs Regulation) in the European Commission’s Retail Investment Strategy. However, the initiation of this work is subject to the outcome of negotiations between the co-legislators. In the context of any such work, ESAs intend to streamline and simplify the content of the PRIIPs key information document (KID), in particular in relation to the performance and cost sections of the KID.
• In order to take into account the simplification and burden reduction agenda, the ESAs will not deliver their annual report under Article 18 of the Sustainable Finance Disclosure Regulation (SFDR) regarding the extent and quality of principal adverse impact disclosures under the SFDR in 2026. The ESAs will continue to monitor the need for future iterations of the report, also bearing in mind possible changes coming from the review of the SFDR.
• The ESAs might need to work on further guidance in relation to bilateral margining where relevant. In addition, the review of the European market Infrastructure Regulation 3 has introduced some amendments to the bilateral margining framework with regards to the authorisation and validation of initial margin models. This also includes European Banking Authority mandates to develop technical standards and guidelines in cooperation with the other ESAs. This work is set to continue in 2026.