Streamlining financial transaction reporting: ESMA calls for input

On June 23, 2025, the European Securities and Markets Authority issued an update regarding "Streamlining financial transaction reporting: ESMA calls for input". The update highlighted issues with overlapping obligations, duplicative reporting channels, and frequent regulatory changes. ESMA presented two options for simplification: eliminating overlaps or creating a unified reporting template based on the 'report once' principle, seeking input from market participants to identify the best approach for reducing complexity and costs while enhancing data quality and usability.