Preparing for ESAP
ESAP at a glance
The European Single Access Point (ESAP) is a cornerstone of the European Commission’s Capital Markets Union, contributing to the broader objectives of the Savings and Investments Union. It is expected to improve transparency, reduce information asymmetry and facilitate cross-border investments across Europe. By making financial and non-financial information about entities and investment products publicly available in a centralised, digital platform, ESAP aims to make it easier for investors to make more informed investment decisions.
ESAP is covered by Regulation (EU) 2023/2859, which instructs the European Securities and Markets Authority (ESMA) to establish and operate the ESAP platform by 10 July, 2027. The access point will contain information required by existing EU law, which will be collected by designated collection bodies. Officially Appointed Mechanisms (OAMs) will act as the collection bodies for information to be made publicly available by issuers falling under the scope of the Transparency Directive.
You can find more information about ESAP at the European Commission’s website and at EUR-Lex.
On 10 July 2026, the first phase of the ESAP data collection will enter into force. The ESAP framework brings a series of new requirements linked to the data to be collected and the file formats to be respected by issuers in the context of OAM storages.
Who is concerned?
Each EU Member State is required to have an OAM, which acts as a national collection point for the central storage of regulated information, as defined under the Transparency Directive.
As the OAM in Luxembourg, the Luxembourg Stock Exchange (LuxSE) will act as the collection body in the Grand Duchy for regulated information under the Transparency Directive. As per the ESAP framework, LuxSE will start collecting new metadata and perform new controls on the documents submitted for storage on 10 July 2026.
How is the information collected?
The main changes under ESAP
Under the ESAP framework, as of 10 July 2026, LuxSE as the collection body will be responsible for ensuring that additional metadata are included by issuers when filing their regulated information, and furthermore control that the new format rules are respected when regulated information is filed.
ESAP - FAQ
Please refer to our dedicated and comprehensive ESAP FAQ for a detailed overview of the new requirements and how you can best prepare for them.
Important note: As of 10 July 2026, only documents that are compliant with ESAP will be accepted for storage by LuxSE.
Through a series of developments and initiatives, LuxSE strives to help issuers prepare for the new OAM storage requirements under ESAP and contribute to a smooth adaptation:
- End of the client testing window
- Adaptation of OAM system and FIRST application
Last updated on 17 December 2025
This page will be updated regularly, as needed. The information provided is for general information purposes only and does not constitute legal advice.