The European Securities and Markets Authority has published a discussion paper seeking feedback on how to integrate funds supervisory reporting, with the aim of reducing the compliance burden on market participants. The initiative targets the current fragmentation created by multiple national and EU-level reporting regimes in the asset management sector. The paper sets out options to improve key elements of reporting, including the scope of data and the reporting processes and systems, to support more efficient reporting and better data sharing among authorities. Proposed approaches include integrating multiple reporting templates and centralising reporting processes and related infrastructure. The work forms part of ESMA’s simplification and burden reduction initiative and frames a move from incremental, sector-specific amendments towards a more integrated approach to funds reporting, similar to the comprehensive approach used for financial transaction reporting. Input is invited until 21 September 2025 to support an assessment of the costs and benefits of the approaches outlined. Following the consultation, ESMA plans to carry out this assessment with relevant authorities and publish conclusions and recommendations in a final report expected in April 2026.
European Securities and Markets Authority 2025-06-23
European Securities and Markets Authority launches discussion paper on integrating funds reporting to cut compliance burden
The European Securities and Markets Authority (ESMA) released a discussion paper seeking input on integrating funds supervisory reporting to ease compliance burdens in asset management. The paper proposes centralizing processes and infrastructure to address fragmentation from national and EU-level regimes. This initiative is part of ESMA's broader effort to simplify and reduce reporting burdens, moving towards a more integrated approach like financial transaction reporting.