Skip to content
REPORT (COM(2023)0593 – C90383/2023 – 2023/0363(COD))

On the proposal for a regulation of the European Parliament and of the Council amending Regulations (EU) No 1092/2010, (EU) No 1093/2010, (EU) No 1094/2010, (EU) No 1095/2010 and (EU) 2021/523 as regards certain reporting requirements in the fields of financial services and investment support

A-9-2024-0026

Committee on Economic and Monetary Affairs · Rapporteur: Othmar Karas

Official HTML ↗ PDF DOCX
✦ In shortFull textProcedure & committee votes
✦ In short · AI summary of this text, generated 4 Sept 2026

Written by a language model from the full text only; every figure comes from the text. The paragraph links open the paragraph a statement rests on — check the text itself before relying on it.

Parliament's amended version of the proposed regulation amends EU financial supervision and investment support regulations to streamline reporting requirements, reduce administrative burdens, and enhance information sharing among authorities. It introduces a 'report once' principle, requiring authorities to request information already reported to other authorities, and establishes a Single Integrated Reporting System with a common data dictionary, joint repository, central data space, and single contact point. It also changes InvestEU reporting frequency from biannual to annual and extends contract signing deadlines.

Committee position. The Committee on Economic and Monetary Affairs proposes to amend the Commission proposal to strengthen information sharing, introduce a Single Integrated Reporting System, and extend reporting deadlines.

Key points

  1. Authorities must share information with each other on request, using the Single Integrated Reporting System once established, and must request information from other authorities before asking financial institutions.
  2. The European Supervisory Authorities and the Anti-Money Laundering Authority may propose amendments to existing legislation to remove redundant or obsolete reporting requirements, ensure consistency, proportionality, and address regulatory gaps.
  3. Peer reviews of competent authorities must assess the effectiveness and convergence of national reporting requirements with Union law.
  4. Authorities must report legal obstacles to information exchange to the Commission within one year, and the Commission may propose legislation to remove them within two years.
  5. A Single Integrated Reporting System is to be established within three years, with a report and roadmap due within two years, including a common data dictionary, joint repository, central data space, and single contact point.
  6. Authorities may share anonymised information with the Commission and grant access for research and innovation, subject to conditions protecting confidentiality and intellectual property.
  7. The ESRB and ESAs must coordinate with the ECB to detect systemic risks and share relevant information without undue delay.
  8. InvestEU implementing partners must report annually instead of biannually, and contracts for certain operations must be signed by 31 August 2026 or 31 December 2028.
  9. The Commission must develop sustainability guidance and ensure proportionality in reporting and monitoring for InvestEU, minimising costs for stakeholders.

Who is affected

  • Financial institutions and other reporting entities will face reduced duplicate reporting and can use a single contact point to flag issues.
  • European Supervisory Authorities, the ESRB, the AMLA, the SSM, the SRB, and national supervisory authorities must share information and establish the Single Integrated Reporting System.
  • Implementing partners of the InvestEU Programme, including the EIB Group, must report annually instead of biannually.

Figures and deadlines

  • 1 year from entry into force: authorities report legal obstacles to the Commission.
  • 2 years from entry into force: Commission may propose legislation to remove obstacles; report on Single Integrated Reporting System due.
  • 3 years from entry into force: Single Integrated Reporting System to be established.
  • 31 August 2026: contracts under EU guarantee for InvestEU must be signed.
  • 31 December 2028: other InvestEU contracts must be signed.

Legal basis: Article 114, Article 173 and Article 175, third paragraph, of the Treaty on the Functioning of the European Union