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Action 1 - Making companies more visible to cross-border investors

Progress so far on action 1 of the capital markets union 2020 action plan.


Part of objective 1 of the capital markets union (CMU) action plan, action 1 aims to make companies more visible to cross-border investors.

European single access point (ESAP)

The overall objective of establishing a European single access point (ESAP) is to provide for seamless, EU-wide access to all relevant information (including financial and sustainability-related information) disclosed to the public by companies including financial companies. This platform is to facilitate the flow and use of information in order to contribute to further integrating European capital markets, to enable a more efficient allocation of capital across the EU, and indirectly to strengthen the resilience of the EU’s economy through broader private risk sharing across the EU. By providing investors with a user-friendly, EU-wide mechanism to access information disclosed by companies, the ESAP would foster access to capital markets, including by SMEs, and promote cross-border investments. The ESAP should reduce search and processing costs for users of company information, while avoiding disproportionate administrative costs for companies that are subject to disclosure obligations. The platform is to build upon existing EU and national IT infrastructure (databases, register, etc.) in order to avoid adding to companies reporting burden.


Back to the list of actions under the 2020 CMU action plan