ESMA: Simplification of EU Funds and Transactions Reporting Frameworks

ESMA's initiative to consolidate funds and transactions reporting into a common framework represents a significant evolution for market participants. The 'reporting once' principle and the hybrid operational model at EU level aim to mitigate regulatory fragmentation while improving data quality and usability. Firms and intermediaries will need to adapt their systems to comply with the new harmonized standards, benefiting in the long run from greater operational efficiency.