The three European Supervisory Authorities (EBA, EIOPA and ESMA – the ESAs) today published a Consultation Paper on the draft implementing technical standards (ITSs) regarding the tasks of the collection bodies and the functionalities of the European Single Access Point (ESAP). These ITSs and the requirements they set out are designed to enable future users to be able to effectively harness the comprehensive financial and sustainability information centralised on the ESAP. Stakeholders are encouraged to provide their feedback to this consultation by 8 March 2024.
The purpose of this consultation is to give interested parties the opportunity to provide their views on the proposed rules with regard to:
- Tasks of collection bodies:
- automated validations to be performed on the information submitted by entities,
- the characteristics of the Qualified Electronic Seal,
- the open standard licenses to be applied,
- the characteristics of the data collection application programming interface (API),
- the characteristics of the metadata for the information,
- the time limits for providing the information to ESAP,
- the indicative list of formats that are acceptable as data extractable and as machine readable.
- Functionalities of the ESAP:
- the characteristics of the data publication API,
- the legal entity identifier to be used to identify the entities that submit the information or to which the information relates,
- the classification of the types of information,
- the categories for the size of the entities, and
- the characterization of industry sectors to classify the information contained in ESAP and allow users to search for it.
The establishment of the ESAP is a flagship action of the Capital Markets Union Action Plan. The purpose of the ESAP is to facilitate access to publicly available information of relevance to financial services, capital markets and sustainability. The ESAP is expected to become operational in July 2026 and will start publishing information no later than July 2027.
Consultation process
Comments on this consultation can be sent to the ESAs via the ESMA’s consultation page. The deadline for the submission for comments is 8 March 2024. All contributions received will be published following the end of the consultation, unless requested otherwise.
Public hearing
ESAs will organise a public hearing in the form of a webinar. More details will be provided in due course on the ESAs websites.
Next steps
The ESAs will consider the feedback received to this consultation and will submit the draft ITSs to the European Commission by 10 September 2024.