site.btaParliaments Adopts Amendments to Public Offering of Securities Act

Parliament adopted at second reading amendments to the Public Offering of Securities Act, which will transpose Regulation (EU) 2023/2859 establishing a European single access point (ESAP), providing centralized access to publicly available information of relevance to financial services, capital markets and sustainability from July 2027.

Centralized and structured access to data through the ESAP is important in order for decision makers, professional and retail investors, non-governmental organizations, civil society organizations, social and environmental organizations, as well as other stakeholders in the economy and society, to make sound, informed, and environmentally and socially responsible investment decisions that serve the efficient functioning of the market, the Council of Ministers said in their motives.

Market participants will only submit information that is already public, as machine-readable format requirements of the information are implemented, as well as definitions for the relevant market entity set of metadata that should accompany it.