The European Single Access Point—ESAP | In Principle

An internet platform providing access to information about EU financial entities and investment products is scheduled to go live in July 2027. The platform will consolidate financial and non-financial information concerning certain entities, including sustainability information. It is known as the European Single Access Point. How will its creation affect the duties of reporting entities?

This innovation was introduced through the ESAP Package, comprising the following EU laws:

• Amending directive—Directive (EU) 2023/2864 of the European Parliament and of the Council of 13 December 2023 amending certain Directives as regards the establishment and functioning of the European single access point
• Regulation establishing the ESAP—Regulation (EU) 2023/2859 of the European Parliament and of the Council of 13 December 2023 establishing a European single access point providing centralised access to publicly available information of relevance to financial services, capital markets and sustainability
• Amending regulation—Regulation (EU) 2023/2869 of the European Parliament and of the Council of 13 December 2023 amending certain Regulations as regards the establishment and functioning of the European single access point.

The main users of the ESAP will be investors, financial analysts and market intermediaries, as well as private individuals and universities. The entity supervising the platform is the European Securities and Markets Authority (ESMA).

Access to the ESAP will be free of charge and not require a licence, but certain fees will be charged for users searching for and downloading significant quantities of information.

Polish regulations for implementation of ESAP

For proper performance of obligations arising under the ESAP Package in Poland, the Act of 17 April 2026 Amending Certain Acts in Connection with Submission of Information to the European Single Access Point was adopted, and entered into force on 29 May 2026 (we wrote about the bill here).

The aim of this act is to introduce new technical and organisational conditions ensuring proper transmission of information to the ESAP system. Essentially, the duty to transmit information to the ESAP rests not on private entities such as companies, but on state authorities, which under the new provisions will collect the appropriate information and then provide it to the ESAP system.

Depending on the type of data, the authorities collecting the data will be the Polish Financial Supervision Authority (KNF), the Bank Guarantee Fund (BFG), the Polish Agency for Audit Oversight (PANA), the National Court Register (KRS) Information Centre, and the National Council of Auditors (KRBR).

According to the executive regulations issued under Regulation (EU) 2023/2859, entities are to be identified based on a Legal Entity Identifier (LEI) code. This means that all entities submitting information to the authorities for ESAP purposes will have to hold an LEI code. Currently, in Poland only the National Securities Depository (KDPW) can issue LEI codes meeting the standards set by the regulation.

Will the change impact reporting entities?

According to the act itself and information available on the KNF website, introduction of the ESAP will not create new substantive obligations in connection with preparation of certain information.

The change arising from introduction of the ESAP will mainly affect the scope of metadata collected and their transmission by the authorities required to collect them. According to KNF, in certain instances information which has been required to be published on a reporting entity’s website will also be forwarded to the data-collecting authority.

Grzegorz Wojnar, adwokat, M&A and Corporate practice, Wardyński & Partners