Tánaiste and Minister of Finance, Simon Harris, has signed into law the Statutory Instruments creating the Irish framework of the European Single Access Point (ESAP), an EU-wide data portal centralising free source of public information about EU companies and investment products.
The portal, which is established via EU legislation, aims to improve public access to companies’ financial and non-financial information, including that of SMEs.
Minister with responsibility for Small Business and Retail and the Circular Economy, Alan Dillon TD, described the rollout of the portal as “mark[ing] an important milestone for Irish businesses, particularly SMEs seeking greater visibility and investment opportunities. By providing a single, standardised source of company information, this platform will simplify cross border engagement, improve investor confidence, and contribute to a more connected and competitive European marketplace.”
Commenting, the Tánaiste stated that the portal benefits the green transition by centralising sustainability related financial information and illustrates the commitment the Irish government and the EU has to simplifying the investment journey for retail investors and finding ways to boost investment in Ireland’s domestic industry: “Altogether, the ESAP has the potential to bring a myriad of benefits to Irish people whilst simultaneously supporting the objectives of the Savings and Investment Union and making it easier for firms to raise capital across the EU.”
The ESAP will be established and administered by the European Securities and Markets Authority (ESMA). Designated national collection bodies as well as the European Supervisory Authorities will provide data to ESMA for the purposes of ESAP.
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