The European Single Access Point (ESAP) for financial and non-financial information publicly disclosed by companies

Europex welcomes the opportunity to contribute to the present consultation and expresses its general support for the Commission’s good intention to facilitate the access and comparability of publicly disclosed financial and non-financial company information in the EU through the introduction of a harmonised European Single Data Access Point (ESAP).

As for the scope of the initiative, however, we believe that further reflection and analysis are needed in order to design a useful and manageable tool that can add true value for stakeholders and investors of all sizes. At a very minimum, this requires that the scope and the objective need to match and the that the estimated benefits of the initiative are to outweigh its anticipated implementation and maintenance costs.

In the attached paper, we highlight two major points for further consideration.