5 Mar 2021 | Statements and Position Papers
ALFI responds to European Commission targeted consultation on the establishment of a European Single Access Point (ESAP)
View the ALFI response.
A European Single Access Point or ESAP was outlined a priority under the Capital Markets Union Action Plan (see Action 1 therein) as this could significantly facilitate access to financial and non-financial data (including but not limited to sustainability related data) by investors in general and asset managers in particular.
The consultation paper consists of 27 questions relating to the scope of the ESAP, usability and accessibility, infrastructure, data governance, and costs and benefits. We would like to draw your specific attention to question 7, which invited market participants to share their views on a multitude of data points disclosed under 36 financial services legislative acts that could potentially be included in the ESAP.
A legislative proposal on the ESAP is expected in the third quarter of 2021.