On March 12, 2021, ISDA submitted a response to the European Commission’s (EC) consultation on the establishment of a European Single Access Point (ESAP) for financial and non-financial data. In its response, ISDA endorses the creation of ESAP, highlighting the benefits for cross-border access to meaningful information and the reporting of environmental, social and governance-related information. With respect to the scope of ESAP, ISDA recommends that the eventual administrators of ESAP should focus on a small number of data points at the initial stage, characterized by low-frequency and raw company level data, such as data resulting from the Transparency Directive, Accounting Directive and Audit Directive as well as the revised Non-Financial Reporting Directive. In addition, the ISDA response discusses the usability and data governance of ESAP by highlighting the potential benefits of the Common Domain Model.
The EC is expected to launch a legislative proposal on the creation of ESAP in the second half of 2021.
Documents (1) for ISDA Endorses Creation of ESAP
Latest
Response on UK MIFIR Reporting Guidelines
On November 6, ISDA responded to the Financial Conduct Authority’s (FCA) consultation CP26/34 ‘Preparing for the new transaction reporting regime’ on the upcoming changes to the UK Markets in Financial Instruments Regulation (MIFIR) transaction reporting regime, as set out in...
Response on Transaction Reporting and Transparency
On October 30, ISDA submitted comments on the European Parliament’s (EP) proposed transaction reporting and transparency-related amendments to the European Commission’s Market Integration and Supervision Package (MISP). On transaction reporting, ISDA commends the EP’s ambition but cautions against trying to...
Joint Paper on EC Tax Omnibus
On November 5, ISDA, the Association for Financial Markets in Europe (AFME) and the International Securities Lending Association (ISLA) submitted a paper to support the proposed European Commission (EC) Tax Omnibus as a route to simpler, more certain cross-border taxation....
Response to FCA on Tokenized Gold
On November 2, ISDA responded to the Financial Conduct Authority’s (FCA) call for input on tokenized gold. ISDA supports the use of tokenized gold as wholesale collateral and highlights the benefits it could bring to collateral management and settlement. ISDA...