ESAP Regulation

The European Single Access Point (ESAP) Regulation provides for the creation of a single access point for the financial and extra-financial data of European companies, along with shared standards and formats for disclosing this information. It also specifies that the future single access point will collect information whose disclosure is required by 37 directives and regulations, as well as information published voluntarily by companies.

Following a meeting held at the initiative of the French Treasury and which was attended by all the professional associations, AMAFI raised two specific concerns with the regulation:

• Application to the PRIIPs Regulation: AMAFI recommends requiring PRIIPs data to be transmitted to the ESAP only after the provisions of the revised PRIIPs Regulation (Level 1) have come into force, and to make every effort to reconcile the required data formats with those identified by the industry as best meeting investor needs.

• Understandability for individual and even professional investors of information presented in machine-readable format.