Feedback on ESAP raises issue of disappearing data
We see the ongoing development of the European Single Access Point (ESAP) as excellent news. It will make it easy to access digital financial and sustainability data disclosures – and potentially other kinds of data too – from across the EU, via a single portal. Some interesting issues are raised, however, in recent feedback from the Dutch corporate governance forum Eumedion. For example, it points out that the retention period for data is set at 10 years unless otherwise specified. Eumedion – sensibly, in our view – proposes that filings should not be erased and should remain available indefinitely, as is the case for comparable data in the US, since investment strategies may draw on decades’ worth of data. It also emphasises the need to facilitate cross-referencing of data.
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