AI Summary of Article 7 Functionalities of ESAP
The European Securities and Markets Authority (ESMA) is tasked with developing the European Single Access Point (ESAP), ensuring functionalities that enhance user engagement and accessibility, including a web portal tailored for individuals with disabilities, an API for seamless access, and robust notification and search capabilities for all EU languages.
Key deadlines include the implementation of machine translation and notification services by 10 July 2028, and visual differentiation of voluntary information by 9 January 2030. Furthermore, the European Supervisory Authorities (ESAs) are to draft implementing technical standards by 10 September 2024, focusing on API characteristics and legal identifiers, amongst other specifications.
Article 7 Functionalities of ESAP
1. ESMA shall ensure that ESAP has at least the following functionalities:
(a) a web portal with a user-friendly interface, which takes into account the access needs of persons with disabilities, to provide access to the information on ESAP in all official languages of the Union;
(b) an API enabling easy access to the information on ESAP;
(c) a search function in all official languages of the Union;
(d) an information viewer;
(e) a machine translation service for the information retrieved;
(f) a download service, including for the download of large quantities of data;
(g) a notification service informing users of any new information on ESAP;
(h) the presentation of information submitted on a voluntary basis pursuant to Article 1(1), point (b), in such a manner that:
(i) it can be clearly distinguished from information submitted on a mandatory basis pursuant to Article 1(1), point (a);