in force 2025-11-10 INSERTED+1,626 −0§
Amended by Regulation (EU) 2025/2088 32025R2088
applies from: unknown (an inserted provision states its own application date only in prose)
A new Article 35b is added, requiring the ESAs, acting through the Joint Committee and working with the ESRB, ECB, AMLA, the SRB and competent authorities, to prepare a report by 11 November 2030 on options to enhance the efficiency of supervisory data collection, including a feasibility study and roadmap for a cross-sectoral integrated reporting system covering a common data dictionary and a data space.
It also provides that the Commission, taking the report's findings into account and following an impact assessment, may submit a legislative proposal to the European Parliament and the Council to secure resources for establishing the integrated reporting system.
The new article further requires the ESAs, together with the same bodies, to promptly establish a permanent single contact point for entities to report duplicative, redundant or obsolete reporting and disclosure requirements.
Cited: Art. 35b, v2
text before / after
inserted text (02010R1095-20251110)
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.