European Single Access Point (ESAP)
The objective of ESAP is to offer a single access point for public financial and sustainability-related information about EU companies and EU investment products, thereby giving firms more visibility towards EU and international investors and opening up more sources of financing.
Background
Today’s public information on companies and financial products is scattered across many different places (e.g., issuer websites, national or EU public registers). With ESAP, all this information will be centrally accessible in one single place, searchable based on common criteria.
The “ESAP Regulation” gave ESMA the mandate to establish and operate the EU’s public portal, providing easier access to all publicly available information. ESAP will give companies greater visibility towards investors, which is particularly important for small businesses in small capital markets to attract EU and international investment. ESAP will also contain sustainability-related information published by companies to support the objectives of the European Green Deal.
The ESAP is a two-tier system: information is first collected from reporting entities by a “Collection Body” (which may be the NCA, another national body or register, or an EU body such as one of the ESAs) and then submitted to ESAP, so that the information can then be provided to the public on the ESMA-operated portal.
ESAP timeline and phases
The ESAP Regulation requires ESMA to make the ESAP platform available to the public from July 2027 and to gradually phase in the information in scope.
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In July 2026, ESAP will start collecting information from Collection Bodies. Information will then be made accessible to the public by July 2027.
Phase 2 information will start being collected and published simultaneously in January 2028, followed by phase 2bis in January 2029.
At the same time, a Review report will be prepared by the European Commission, in close cooperation with ESMA, and submitted to the European Parliament and Council to assess the implementation, functioning and effectiveness of ESAP.
If confirmed, phase 3 will start in January 2030.