Seamless EU-wide business data access is a step closer with this week’s publication of the European Single Access Point (ESAP) draft implementing technical standards (ITS). ESAP aims to provide easy access to publicly available data relevant to financial services, capital markets, and sustainability.
This week Europe published agreed-upon regulation to establish the European Single Access Point (ESAP). Designed to provide centralised access to publicly relevant data from across EU member states, ESAP has the potential to be a game-changer for digital data in Europe.
This week the European Parliament and Council negotiators agreed on the timeline and processes for establishing the European single access point (ESAP), a common data platform that will merge digital data crucial for capital markets, financial services, and sustainable finance from across Europe.
Among other great speakers at the recent XBRL Europe conference, Jean-Phillippe Rabine of the European Commission provided an update on the planned European Single Access Point, or ESAP, the EU’s far-reaching and ambitious plan to provide huge amounts of reported digital information all in one place.
The European Central Bank (ECB) has issued an Opinion on the establishment and functioning of the European Single Access Point (ESAP), as proposed by the European Commission in November 2021.
“The objective of the new ESAP legislative project is to create a common source of public and freely available financial and sustainability-related information of EU companies and investment products, regardless of where in the EU they are located or originated while enabling a better use and reuse of this information,” says European Securities and Markets Authority […]
We see the ongoing development of the European Single Access Point (ESAP) as excellent news. It will make it easy to access digital financial and sustainability data disclosures – and potentially other kinds of data too – from across the EU, via a single portal.
2021 has seen the initial implementation of the Inline XBRL-based European Single Electronic Format (ESEF) for financial reporting across Europe. This shared, machine-readable format aims to make European data consistent and comparable and offers potentially important insights.
The EU has turned the page on a new chapter in corporate reporting, with the announcement of legislation to create the European Single Access Point (ESAP), providing a free single point of access to digital information on EU listed companies and investment products.
All 154 submissions to the European Commission consultation on the establishment of a European Single Access Point (ESAP) are now available to download, and we’re pleased to see a strong positive response in favour of using XBRL.
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XBRL International is a global not for profit operating in the public interest. Our purpose is to improve the accountability and transparency of business performance globally, by providing the open data exchange standard for business reporting.
