A package of 12 harmonisation bills paving the way for a central European digital data platform was discussed by the House Finance Committee on Monday.
The European Single Access Point (ESAP) will provide the public with easier access to information on companies, financial services, capital markets and sustainability.
How the ESAP will operate
A Finance Ministry representative told the committee that the platform will be operated by the European Securities and Markets Authority (ESMA).
The information available through the ESAP will include both mandatory disclosures and information submitted voluntarily by entities.
Existing bodies in Cyprus, including the Central Bank of Cyprus, the Cyprus Securities and Exchange Commission and the Cyprus Public Audit Oversight Board, will collect the relevant information and forward it to the central European platform.
According to the proposed legislation, collection bodies should use existing procedures and infrastructure wherever possible.
Member states must also designate at least one body responsible for collecting information submitted voluntarily. This may be the same body that already collects mandatory disclosures.
Further legislation expected
The committee was told that the harmonisation bills were submitted in December 2025 and formally tabled before the House plenary on 22 January 2026.
A representative of the Legal Service said two additional bills are still being prepared. One concerns the Companies Law and is expected to be submitted within two weeks, while the other relates to pensions legislation.
Representatives of the relevant bodies attending the committee meeting agreed with the bills falling within their respective areas of responsibility. These included the Central Bank, the Resolution Authority, the Cyprus Securities and Exchange Commission, the Cyprus Public Audit Oversight Board and the Association of Cyprus Banks.
