1. Introduction
In this article, we outline the main features of market supervision in 2025, what we focused on in prospectus and takeover bid supervision, disclosure obligation supervision and surveillance of securities market trading, and what we will focus on in these areas of supervision in 2026. We also highlight issues that we hope market participants will pay attention to in order for us to carry out our supervisory role as efficiently and smoothly as possible. The article does not cover enforcement of IFRS and sustainability reporting.