EU Commission statement on proposed regulation to streamline financial services reporting
The European Commission (the Commission) has confirmed that it agrees with the Council of the EU’s position on the proposed regulation amending the ESRB Regulation, the EBA Regulation, EIOPA Regulation, the ESMA Regulation, the SRM Regulation, the InvestEU Programme Regulation and the AML Authority Regulation (Regulations (EU) 1092/2010, 1093/2010, 1094/2010, 1095/2010, 806/2014, 2021/523 and 2024/1620), as issued by the Council of the EU on 16 July 2025. The Commission has confirmed that it accepts the Council’s position at first reading although the Commission notes that the Council’s compromise text is weaker than the Commission’s original proposal.