Recital 29

(29) To ensure the smooth processing of the information received or drawn up by the collection bodies and made available to ESAP, it is necessary to lay down certain clear and detailed requirements specifying the format and the metadata of that information and which collection bodies should collect it. In order to ensure the quality of the information submitted to ESAP by the collection bodies, it is also necessary to define the characteristics of the automated validations to be carried out in respect of each item of information submitted by entities to the collection bodies, including the characteristics of the qualified electronic seal to be attached to that information, where required by the collection bodies. To ensure the use and re-use of data on ESAP, a list of the designated open standard licences needs to be established. To facilitate the searching, finding and retrieving of data in a timely manner, the characteristics of the API and the metadata to be implemented also need to be established. Additional requirements as regards an efficient search function should also be implemented, such as the specific legal entity identifier of the entity, the classification of the type of information submitted by the entity and the size of the entity by category. To that end, the ESAs should, through the Joint Committee, develop draft implementing technical standards. When drafting the implementing technical standards, the ESAs, through the Joint Committee, should consult with the collection bodies in advance and analyse, in particular, the potential associated costs and benefits. Additionally, ESMA should be able to develop draft implementing technical standards to determine the nature and extent of the specific services for which fees may be charged and the associated fee structure. Such draft implementing technical standards would allow for global and interoperable access to the information of entities. As regards the implementing technical standards concerning sustainability information, the ESAs, through the Joint Committee, should liaise with EFRAG on the development of those draft standards. The Commission should be empowered to adopt those implementing technical standards by means of implementing acts pursuant to Article 291 TFEU and in accordance with Article 15 of Regulation (EU) No 1093/2010, Article 15 of Regulation (EU) No 1094/2010 and Article 15 of Regulation (EU) No 1095/2010.

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Source: EUR-Lex (Cellar) · retrieved 2026-10-12 · Text as adopted (Official Journal); later amendments are not incorporated in this text.