AI Summary of Regulation (EU) 2023/2859 of the European Parliament and of the Council of 13 December 2023 establishing a European single access point providing centralised access to publicly available information of relevance to financial services, capital markets and sustainability (Text with EEA relevance) (ESAP Establishing Regulation)
The European Regulation (EU) 2023/2859 establishes a European Single Access Point (ESAP) aimed at providing centralised electronic access to publicly available information relevant to financial services, capital markets, sustainability, and diversity. This initiative responds to the increasing demand for reliable and structured data, facilitating better-informed investment decisions by various stakeholders, including investors and SMEs. Starting 10 July 2027, ESAP will allow entities to voluntarily submit information, enhancing visibility and funding opportunities, while ensuring the protection of personal data in compliance with existing regulations.
ESAP is designed to be user-friendly, with functionalities for searching, retrieving, and downloading information across multiple languages. It aims to promote transparency and efficiency in Union capital markets while allowing for the re-use of information under specific conditions. The European Securities and Markets Authority (ESMA) will oversee the operation of ESAP, ensuring compliance and maintaining data integrity.
