What changed between the draft committee report of 19 Dec 2023 and the draft committee report of 18 Sept 2025

Removed:The reference to other authorities is adapted to align it with the increased scope of authorities.

Removed:Regulation (EU) No 1095/2010

Removed:Article 4 – paragraph 1 – point 4, Article 35a – paragraph 6: 6. Without prejudice to other obligations laid down in Union law for sharing information, the Authority and the competent authorities may, upon justified request, share on a case-by-case basis, with the Commission, information that financial institutions have reported to them pursuant to their duties under Union law, in a form that does not allow the identification of individual entities and does not contain personal data.

Removed:The information exchange provision in paragraph 6 is not consistent with the information exchange provisions in paragraph 1. The conditions for the information exchange between authorities is dealt with in paragraph 1. The conditions for the information exchange with the Commission is dealt with in paragraph 6 and adapted to ensure a degree of autonomy in the decision to exchange such information.

Removed:Regulation (EU) No 1095/2010

Removed:Article 4 – paragraph 1 – point 4, Article 35a – paragraph 7a (new): 7a. The Authority and competent authorities shall, by 31 December 2024, report to the Commission all legal obstacles in sectoral regulations that in any way prevent them from exchanging information with the other authorities or with other entities. / On the basis of that report and taking due account of the protection of intellectual property rights, the obligations of professional secrecy and data protection, the Commission shall, where appropriate, submit to the European Parliament and to the Council a legislative proposal to remove such legal obstacles in sectoral legislation to foster the exchange of information between authorities and with other entities by 30 June 2025.

Removed:As pointed out by management of the ESRB and the ESAs, there are still many legal obstacles in sectoral regulations that make it impossible to exchange information. Therefore, these obstacles should be reported to the Commission in order to remove these while simultaneously respecting intellectual property rights, professional secrecy and data protection.

Removed:Regulation (EU) No 1095/2010

Removed:Article 4 – paragraph 1 – point 4 a (new), Article 35a a (new): 4a. the following Article is inserted: / Article 35aa / Establishment of a Single Integrated Reporting System / 1. By 31 December 2026, the Authority shall, together with the other authorities, establish a Single Integrated Reporting System including: / (a) a common data dictionary; / (b) a joint repository for reporting and disclosure requirements; / (c) a central data collection point; and / (d) a single reporting point for entities to identify double reporting, redundant or obsolete reporting or disclosure requirements. / In close collaboration with the Commission, the establishment of the Single Integrated Reporting System shall be accompanied by an estimate of the overall financial impact. The Commission shall, where appropriate, submit to the European Parliament and to the Council a legislative proposal to ensure the necessary financial, human and IT resources for the establishment. / (Ongoing work to be considered: COM report on "Implementing dictionaries by assisted machine learning", EBA "Cost of Compliance Study" or EBA "Feasibility Study on an integrated reporting system".)

Removed:Building on the work by the Commission and authorities on integrated reporting systems, the authorities should be mandated to establish a Single Integrated Reporting System. This should include a data dictionary for common coding and understanding of data, a joint repository enabling a common overview of requested and obtained data, a central data collection point for efficient data exchange as well as a single reporting point to enable entities to identify double, obsolete or redundant reporting and disclosure. The financial implications need to be accounted for.

Removed:Regulation (EU) No 1095/2010

Removed:Article 4 – paragraph 1 – point 4 b (new), Article 36 – paragraph 2: 4b. in Article 36, paragraph 2 is replaced by the following: / "2. The Authority, together with the European System of Central Banks (ESCB), the Commission, the national supervisory authorities and national statistics authorities, shall cooperate closely with the ESRB by sharing the information and analysis necessary for the achievement of their tasks. / The Authority shall, together with the ESRB and the ECB, coordinate its efforts to detect, monitor, prevent and mitigate systemic risks to financial stability. / The Authority shall, in accordance with Article 15(1) to (5) of Regulation (EU) No 1092/2010, comply with the outlined data sharing provisions. / The Authority, in cooperation with the ESRB, shall have in place adequate internal procedures for the transmission of confidential information, in particular information regarding individual financial market participants."

Removed:(32010R1095)

Removed:The Article related to the relationship with the ESRB is adapted to cater for the changes proposed in Article 15(1) to (5) in Regulation (EU) No 1092/2010.

Removed:Regulation (EU) No 1095/2010

Removed:Article 4 – paragraph 1 – point 5, Article 54 – paragraph 2 – indent 9: — reporting and disclosure requirements and the collection of information from financial market participants .

Removed:The cross-sectoral consistency of reporting and disclosure requirements should be included in the tasks of the JC.

Removed:Regulation (EU) No 1095/2010

Removed:Article 4 – paragraph 1 – point 6, Article 70 – paragraph 3: 3. Paragraphs 1 and 2 shall not prevent the Authority from exchanging information with the other authorities referred to in Article 35a(1b) – in accordance with this Regulation and with other Union legislation applicable to financial market participants. / (deleted)

Removed:The reference to other authorities is adapted to align it with the increased scope of authorities. The reference to other paragraphs is adapted to align it with new provisions foreseen.

Removed:Regulation (EU) No 806/2014

Removed:Article 4 a (new), Article 34 a (new) and Article 34 b (new): Article 4a / Amendments to Regulation (EU) No 806/2014 / Regulation (EU) No 806/2014 is amended as follows: / 1. the following Articles are inserted: / ‘Article 34a / Information exchange between authorities and with other entities / 1. The Board shall share with the other authorities, on a case-by-case or regular basis, information they obtained from financial institutions or other competent authorities, when the requesting authority is entitled to obtain that information, pursuant to its mission, objectives, tasks and powers or in accordance with relevant Union law. / 2. The Board shall request from the other authorities information it would otherwise request from financial institutions or other competent authorities, where both of the following conditions are met: / (a) it is entitled to obtain that information, pursuant to its mission, objectives, tasks and powers or in accordance with relevant Union law; / (b) that information has been obtained by at least one of the other authorities. / For the purposes of determining whether the condition referred to in point (b) is met, the Board shall use the Single Integrated Reporting System referred to in Article 34b, upon its establishment. / 3. For the purposes of this Article, ‘other authorities’ means any of the following authorities: / (a) the European Supervisory Authorities; / (b) the ESRB; / (c) competent authorities, as defined in Article 4, point (2), of Regulation (EU) No 1093/2010; / (d) competent authorities, as defin…

Removed:The proposal by the Commission includes in the scope of this Amending Regulation only the ESRB, the ESAs as well as the respective competent authorities in the Member States. In order to foster exchange of information across the entire financial sector, it is necessary to widen the scope of this Amending Regulation to also include anti-money laundering authorities, resolution authorities and supervisory functions of central banks.

Removed:Council Regulation (EU) No 1024/2013

Removed:Article 4 b (new) – paragraph 1 – point 1, Article 10a (new) and Article 10b (new): Article 4b / Amendments to Council Regulation (EU) No 1024/2013 / Council Regulation (EU) No 1024/2013 is amended as follows: / 1. the following Articles are inserted: / ‘Article 10a / Information exchange between authorities and with other entities / 1. The ECB shall share with the other authorities, on a case-by-case or regular basis, information they obtained from financial institutions or other competent authorities, when the requesting authority is entitled to obtain that information, pursuant to its mission, objectives, tasks and powers or in accordance with relevant Union law. / 2. The ECB shall request from the other authorities information it would otherwise request from financial institutions or other competent authorities, when both of the following conditions are met: / (a) it is entitled to obtain that information, pursuant to its mission, objectives, tasks and powers or in accordance with relevant Union law; / (b) that information has been obtained by at least one of the other authorities. / For the purposes of determining whether the condition referred to in point (b) is met, the ECB shall use the Single Integrated Reporting System referred to in Article 10b, upon its establishment. / 3. For the purposes of this Article, ‘other authorities’ means any of the following authorities: / (a) the European Supervisory Authorities; / (b) the ESRB; / (c) competent authorities, as defined in Article 4, point (2), of Regulation (EU) No 1093/2010; / (d) competent authoritie…

Removed:The proposal by the Commission includes in the scope of this Amending Regulation only the ESRB, the ESAs as well as the respective competent authorities in the Member States. In order to foster exchange of information across the entire financial sector, it is necessary to widen the scope of this Amending Regulation to also include anti-money laundering authorities, resolution authorities and supervisory functions of central banks.

Removed:Regulation (EU) …/… establishing the Anti–Money Laundering Authority

Removed:Article 4 c (new) – paragraph 1 – point 1, Article 10 – paragraph 2 – point d (new): Article 4c / Amendments to Regulation (EU) …/… establishing the Anti-Money Laundering Authority / Regulation (EU) …/…1a is amended as follows: / 1. in Article 10(2), the following point (d) is added: / '(d) reviewing the application of the relevant regulatory and implementing technical standards adopted by the Commission, and of the guidelines and recommendations issued by the Authority and proposing amendments where appropriate, including to remove disproportionate, redundant or obsolete reporting and disclosure requirements and minimise costs. / 1a OP: Please insert in the text the number of the Regulation contained in document 2021/0240(COD) (proposal for a Regulation establishing the Authority for Anti-Money Laundering and Countering the Financing of Terrorism - COM/2021/421 final) and insert the number, date, title and OJ reference of that Regulation in the footnote.'

Removed:Mutual assistance in AML/CFT supervisory system by the Authority should be expanded to allow for the review of unproportionate, redundant or obsolete reporting and disclosure requirements and minimise costs.

Removed:Regulation (EU) …/… establishing the Anti–Money Laundering Authority

Removed:Article 4 c (new) – paragraph 1 – point 2, Article 16 – paragraph 3 a (new): 2. in Article 16, the following paragraph is added: / '3a. Before requesting information in accordance with this Article and in order to avoid the duplication of reporting and disclosure obligations, the Authority shall take account of information collected by the other authorities referred to in Article 16a(1b) and any relevant existing statistics produced and disseminated by the European Statistical System and the European System of Central Banks.'

Removed:This provision is added to the AMLA regulation to also reduce the duplication of reporting and disclosure requirements in AML provisions. The reference to other authorities is adapted to align it with the increased scope of authorities.

Removed:Proposal for Regulation (EU) …/… establishing the Anti–Money Laundering Authority

Removed:Article 4 c (new) – paragraph 1 – point 3, Article 16 a (new): 3. the following Article is inserted: / ‘Article 16a / Information exchange between authorities and with other entities / 1. The Authority and the supervisory authorities shall share with the other authorities, on a case-by-case or regular basis, information they obtained from obliged entities or other competent authorities, when the requesting authority is entitled to obtain that information, pursuant to their mission, objectives, tasks and powers or in accordance with relevant Union law. / 2. The Authority and the supervisory authorities shall each be able to request from the other authorities information they would otherwise request from obliged entities or other competent authorities, where both of the following conditions are met: / (a) they are entitled to obtain that information, pursuant to their mission, objectives, tasks and powers or in accordance with relevant Union law; / (b) that information has been obtained by at least one of the other authorities. / For the purposes of determining whether the condition referred to in point (b) is met, the Authority and the supervisory authorities shall use the Single Integrated Reporting System referred to in Article 16b, upon its establishment. / 3. For the purposes of this Article and Article 16(4), ‘other authorities’ means any of the following authorities: / (a) the European Supervisory Authorities; / (b) the ESRB; / (c) competent authorities, as defined in Article 4, point (2), of Regulation (EU) No 1093/2010; / (d) comp…

Removed:The proposal by the Commission includes in the scope of this Amending Regulation only the ESRB, the ESAs as well as the respective competent authorities in the Member States. In order to foster exchange of information across the entire financial sector, it is necessary to widen the scope of this Amending Regulation to also include anti-money laundering authorities, resolution authorities and supervisory functions of central banks.

Removed:Regulation (EU) …/… establishing the Anti–Money Laundering Authority

Removed:Article 4 c (new) – paragraph 1 – point 4, Article 16 b (new): 4. the following Article is inserted: / 'Article 16b / Establishment of a Single Integrated Reporting System / 1. By 31 December 2026, the Authority and the supervisory authorities shall, together with the other authorities, establish a Single Integrated Reporting System including: / (a) a common data dictionary; / (b) a joint repository for reporting and disclosure requirements; / (c) a central data collection point; and / (d) a single reporting point for entities to identify double reporting, redundant or obsolete reporting or disclosure requirements. / 2. In close collaboration with the Commission, the establishment of the Single Integrated Reporting System shall be accompanied by an estimate of the overall financial impact. The Commission shall, where appropriate, submit to the European Parliament and to the Council a legislative proposal to ensure the necessary financial, human and IT resources for the establishment.'

Removed:Regulation (EU) …/… establishing the Anti–Money Laundering Authority

Removed:Article 4 c (new) – paragraph 1 – point 5, Article 44 – paragraph 1 – subparagraph 1 a (new): 5. in Article 44(1), the following subparagraph is added: / ‘The Authority’s opinions shall not be limited to ongoing legislative procedures. The Authority may also propose in its opinions, where appropriate, amendments to legislative acts in force, including amendments: / (a) to remove redundant or obsolete reporting and disclosure requirements with respect to Union law or the national transposition of Union law by Member States; / (b) to ensure consistent reporting and disclosure requirements across sector-specific, as well as cross-sector, legislation; / (c) regarding the adequacy of the degree of proportionality in reporting and disclosure requirements with respect to the nature, size and complexity of the reporting entity.’

Removed:(52021PC0421)

Removed:In order to foster a reduction of redundant or obsolete reporting and disclosure requirements, the Authority should provide opinions not only on ongoing, but also on concluded legislative procedures. These opinions could provide input on potential reduction of vertical inconsistencies in reporting and disclosure requirements ("gold plating"), horizontal inconsistencies across sector-specific as well as cross-sector legislation, as well as the adequacy of the degree of proportionality.