Version in force , Inserted +1,639 −0§
Amended by Regulation (EU) 2025/2088 32025R2088 on EUR-Lex (external, EUR-Lex)
Explanation, written by a model and checked against the cited text
Article 35b is an entirely new provision introducing an integrated reporting system, requiring the ESAs, acting through the Joint Committee and in cooperation with the ESRB, the European Central Bank, AMLA, the SRB, competent authorities and other stakeholders, to prepare a report on options for enhancing the efficiency of supervisory data collection, including a feasibility study and implementation roadmap covering a common data dictionary and a data space for exchanging information.
It also sets out that, based on that report and an impact assessment, the Commission may submit a legislative proposal to the European Parliament and Council to secure resources for the system, and that the ESAs must promptly establish a permanent single contact point for entities to flag duplicative, redundant or obsolete reporting and disclosure requirements.
The provision states that the report on the integrated reporting system is to be prepared by 11 November 2030.
Cited: Art. 35b, v2 (external, EUR-Lex)
v1 is the previous version, v2 this one.
Text from EUR-Lex
Inserted in this version 02010R1093-20251110
Article 35b Integrated reporting system 1. By 11 November 2030, the ESAs, through the Joint Committee and in close cooperation with the ESRB, the European Central Bank, AMLA, the SRB, the competent authorities and other relevant stakeholders, shall prepare a report presenting options to enhance the efficiency of supervisory data collection in the Union. Building on the sectoral work of the ESAs to integrate reporting, that report shall provide a feasibility study, including an assessment of impacts, costs and benefits, of a cross-sectoral integrated reporting system and, based on that feasibility study, present a roadmap for the implementation. The report referred to in the first subparagraph shall cover: (a) a common data dictionary, including a repository of reporting and disclosure requirements, ensuring consistency and clarity of reporting requirements and data standardisation; and (b) a data space for collecting and exchanging information. Taking into account the findings of the report referred to in the first subparagraph and following a thorough impact assessment, the Commission shall, where appropriate and necessary, submit to the European Parliament and to the Council a legislative proposal to ensure the financial, human and IT resources necessary for establishing the integrated reporting system. 2. The ESAs, through the Joint Committee and in close cooperation with the ESRB, the European Central Bank, AMLA, the SRB and the competent authorities, shall promptly establish a permanent single contact point for entities to communicate duplicative, redundant or obsolete reporting and disclosure requirements.