Process & Authorisation
ESMA Guidelines
Non-binding ESMA convergence tools — NCAs and supervised entities must "comply or explain" their approach.
Definition
ESMA Guidelines are non-binding instruments under Article 16 of the ESMA Regulation. NCAs and supervised entities must comply or explain why they don't. Examples: Guidelines on the application of MiCA Article 7 to influencer marketing; Guidelines on supervisory cooperation for white papers.
Regulatory citation
ESMA Regulation Article 16