2026-07-02
Added · Updated
ESMA issues this Final Report to address the duplication and high compliance costs arising from fragmented transaction reporting obligations under MiFIR, EMIR, and SFTR. The document recommends a staged approach that combines immediate intermediate measures with a long-term "report once" framework to consolidate reporting requirements. This strategy aims to reduce operational burdens for market participants while preserving the data quality and supervisory effectiveness required by EU authorities.