Last week, on November 25th, 2021, the EU Commission adopted a comprehensive package of measures with the aim of improving the transparency of company and trade data within the EU. The proposal directive for the European Single Access Point (ESAP) now available form part of this package of measures. Among other things, central access to the mandatory ESEF annual financial reports of all capital market-oriented companies in the EU is to be created here. In addition, the new portal is also intended for the central future publication of sustainability data (ESG data).
This EU portal flanked the new strategy of making data available in a structured form in a machine-readable manner and linking this with a visual representation of the data (xHTML, inlineXBRL).
ESAP is scheduled to go into operation in 2024 under the responsibility of the European Securities and Markets Authority (ESMA).