ESMA advances the simplification of EU reporting frameworks for funds and transactions

The European Securities and Markets Authority’s recent publications mark an important step toward a more consistent and streamlined regulatory reporting framework across the EU.

In particular, the final report on funds data sets out a clear vision focused on greater harmonisation, reducing duplicate reporting through a “report once” approach, and establishing a hybrid model combining national supervision with coordinated EU standards.

While reforms to transaction reporting are still evolving, the broader direction is clear: a more connected and data-driven regulatory reporting environment across the EU.

Recommendations

Financial market participants subject to funds reporting requirements should take note of ESMA’s Final Report, although no immediate action is required. Firms should monitor the forthcoming RTS and ITS under the revised AIFMD and UCITS frameworks, which will define detailed reporting requirements and implementation timelines.

Participants subject to transaction reporting requirements should also review ESMA’s interim report and closely monitor further regulatory developments.