ESMA advances simplification of fund and transaction reporting
ESMA published two reports advancing harmonised fund reporting and streamlined transaction reporting across EU markets.
ESMA set out a harmonised approach to funds reporting and a path toward more efficient transaction reporting, including SFT data. The initiative aims to reduce duplication and burden while preserving supervisory data quality.
Major implications for regulatory reporting systems, data governance and vendor arrangements.
Action Required
Track ESMA reporting simplification roadmap and prepare data architecture changes for funds and transaction reporting.
Strategic redesign of EU reporting frameworks affects all reporting firms.
Initiate gap analysis on funds and transaction reporting flows against ESMA simplification roadmap; plan multi-year data programme.
“ESMA launched a harmonised approach to funds reporting and set a clear path towards streamlined, more efficient transaction reporting across European markets, including SFT reporting.”