On 28 September 2015, ESMA published its final report on draft RTS on a European Electronic Access Point ("EEAP") as required by the Transparency Directive.
ESMA will be in charge of administering EEAP, which will be a single point of access for regulated information in the EU. The EEAP will act in conjunction with other Officially Appointed Mechanisms ("OAM") in each Member State without replacing them. The proposed mechanism would be for the EEAP to work as a search engine that fetches OAM regulated information.
ESMA broadly adopted the feedback on the draft RTS received in a consultation from 19 December 2014 and incorporated its own improvements to the technical infrastructure. Given that issuers and OAMs will have to adapt to the requirements of the draft RTS, ESMA suggests that these should only apply to regulated information released after 1 January 2017 to OAMs and issuers.
The European Commission has received ESMA's final report and has three months to decide whether to endorse the draft RTS.
A copy of the report is available here:
https://www.esma.europa.eu/content/ESMA-Final-Report-DRAFT-RTS-EEAP
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