ESMA invites feedback on how to simplify funds’ data reporting

Funds reporting in the asset management sector is now subject to significant fragmentation due to the coexistence of several reporting regimes at national and European level, resulting in high compliance burdens.  

To identify solutions, the discussion paper outlines options for improving different aspects of reporting, such as the scope of data, reporting processes and systems to ensure more efficient reporting and sharing of data between the authorities. Among the possibilities, there are proposals related to the integration of multiple reporting templates and the centralisation of reporting processes and infrastructures. 

This paper adds to ESMA’s simplification and burden reduction initiative, launched earlier this year, and it is directly contributing to the debate on how to simplify, harmonise and eliminate barriers to produce an effective burden reduction in the financial sector, while preserving the main objectives of financial stability, orderly markets and investor protection. 

ESMA’s actions mark a shift from technical sectorial amendments to an integrated approach in funds supervisory reporting, similar to the comprehensive approach to financial transaction reporting. The idea is to take a step back and review reporting in a more comprehensive manner rather than focusing on the incremental sectorial changes.

Next steps

ESMA welcomes input to support the assessment of the costs and benefits of the approaches presented in the discussion paper until 21 September 2025. This assessment will be performed following the consultation period, in cooperation with the relevant authorities and the conclusions and recommendations will be published in the final report, expected in April 2026.

Further information:

Cristina Bonillo

Senior Communications Officer
press@esma.europa.eu