ESMA publishes first EU market capitalisation data under FASTER Directive

ESMA released inaugural annual market capitalisation data and ratios for EU Member States for 2024 and 2025 under the FASTER Directive mandate.

ESMA's first publication under the FASTER Directive establishes standardised market capitalisation metrics used to determine eligibility for fast-track withholding tax relief procedures. Firms relying on FASTER regimes must align internal classifications with ESMA data.

Determines eligibility for streamlined withholding tax relief, affecting cross-border securities operations and tax compliance workflows.

First implementation of a new EU-wide data mandate directly feeding tax and securities operations processes.

“ESMA has published the annual market capitalisation and market capitalisation ratios of EU Member States for 2024 and 2025, marking the first implementation of ESMA's mandate under the FASTER Directive.”