ESAP - European Single Access Point: The platform will open on July 10, 2027

Continuing the implementation of its Capital Markets Union, the European Commission proposed in 2021 a new set of measures to “improve the ability of companies to raise capital across the European Union (EU) and ensure that Europeans get the best deals for their savings and investments”. The EC thus introduced the principle of a single point of access for investors, named ESAP(European Single Access Point).

Two years later, the three constituent texts of ESAP were published in the Official Journal of the EU on December 23, 2023, setting out both the implementation timetable and the scope of the data that will be available, covering information on financial markets, financial services and sustainable finance which are already subject to disclosure requirements.

The ESAP platform will open on July 10, 2027 with a first set of data around transparency, short selling and prospectuses, which will be completed by a second wave on January 10, 2028, the scope being fully covered from January 10, 2030. ESG (Environmental, Social and Governance) data will be included in the second wave.

Find out more:

• 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 (europa.eu)

• Directive (EU) 2023/2864 of the European Parliament and of the Council of 13 December 2023 amending certain Directives as regards the establishment and functioning of the European single access point (europa.eu)

• Regulation (EU) 2023/2869 of the European Parliament and of the Council of 13 December 2023 amending certain Regulations as regards the establishment and functioning of the European single access point (europa.eu)