Scheda

As part of its Data Strategy and its contribution to simplification and burden reduction, ESMA launched a call for evidence to gather feedback on opportunities to simplify, better integrate and streamline supervisory reporting. ESMA aims to identify how best to enhance efficiency and reduce the costs associated with supervisory reporting, whilst maintaining a strong level of transparency and ensuring effective oversight from the authorities.

The document presents two options for simplification, on which ESMA would welcome input: eliminating overlaps without any change to  the current reporting channels; or creating a unified reporting template based on the ‘report once’ principle to replace multiple reporting frameworks.

While the consultation and the analysis of the feedback received is conducted, ESMA will not propose changes to the existing reporting frameworks on transaction reports (RTS 22), order data (RTS 24) and reference data (RTS 23) under the ongoing MiFIR Review. ESMA is instead publishing final reports summarising the feedback received from market participants to the consultations on the review of MIFIR transaction, order book and reference data reporting. Putting on hold the RTS changes will allow market participants to freeze their implementation efforts, already contributing to burden reduction by avoiding implementation cost in the short term. The rest of the MIFIR Review will go ahead as planned.

All interested parties can submit their contributions by 19 September.