in force 2025-11-10 INSERTED+1,627 −0§
Amended by Regulation (EU) 2025/2088 32025R2088
applies from: unknown (an inserted provision states its own application date only in prose)
This new Article 35b requires the ESAs, acting through the Joint Committee and in cooperation with the ESRB, ECB, AMLA, the SRB, competent authorities and other stakeholders, to prepare by 11 November 2030 a report exploring options for a cross-sectoral integrated reporting system, including a feasibility study and implementation roadmap covering a common data dictionary and a shared data space, with the Commission empowered to submit a related legislative proposal based on that report's findings.
The same new article also directs the ESAs, through the Joint Committee and with the same cooperating bodies and competent authorities, to promptly set up a permanent single contact point through which entities can flag duplicative, redundant or obsolete reporting and disclosure requirements.
Cited: Art. 35b, v2
text before / after
inserted text (02010R1094-20251110)
Article 35b Integrated reporting system 1. By 11 November 2030, the ESAs, through the Joint Committee and in close cooperation with the ESRB, the European Central Bank (ECB), AMLA, the SRB, the competent authorities and other relevant stakeholders, shall prepare a report presenting options to enhance the efficiency of supervisory data collection in the Union. Building on the sectoral work of the ESAs to integrate reporting, that report shall provide a feasibility study, including an assessment of impacts, costs and benefits, of a cross-sectoral integrated reporting system and, based on that feasibility study, present a roadmap for the implementation. The report referred to in the first subparagraph shall cover: (a) a common data dictionary, including a repository of reporting and disclosure requirements, ensuring consistency and clarity of reporting requirements and data standardisation; and (b) a data space for collecting and exchanging information. Taking into account the findings of the report referred to in the first subparagraph and following a thorough impact assessment, the Commission shall, where appropriate and necessary, submit to the European Parliament and to the Council a legislative proposal to ensure the financial, human and IT resources necessary for establishing the integrated reporting system. 2. The ESAs, through the Joint Committee and in close cooperation with the ESRB, the ECB, AMLA, the SRB and the competent authorities, shall promptly establish a permanent single contact point for entities to communicate duplicative, redundant or obsolete reporting and disclosure requirements.