Brussels, 24 May 2023
The Commission welcomes the political agreement reached yesterday between the European Parliament and the Council on the Commission’s proposal for a European Single Access Point (ESAP). This agreement is an important step towards boosting Europe’s capital markets, based on the Commission proposal presented in the Capital Markets Union Package of November 2021.
The ESAP will offer a single access point for public financial and sustainability-related information about EU companies and EU investment products. This will give companies more visibility towards investors, opening up more sources of financing, in line with the Commission’s Digital Finance Strategy. This is particularly important for small companies in small capital markets. The ESAP will also provide an easy access to the corporate sustainability reporting published by companies, which will support the objectives of the European Green Deal.
Mairead McGuinness, Commissioner for Financial Services, Financial Stability and Capital Markets Union, said:
“I warmly welcome the political agreement between the European Parliament and Council on this important component of our CMU.ESAP will contribute to integrating our capital markets and offer new opportunities for companies as investors will have access to the information they require – financial and sustainability data – on small and large businesses.Also, it will facilitate access to financial products by investors. The ESAP will be a major contributor to the development of EU capital markets and a more sustainable economy and society.”