Expected Outcome:
Expected Outcome and Deliverables
- Delivering three or four separate projects on the streamlining of regulatory reporting through automated and trusted sharing of compliance data, each demonstrating how the governance and technical aspects as well as the legal and processing aspects have been addressed.
- Each project will deliver a pilot in realistic operational conditions and a live presentation (demo) of the pilot use case by the participants as well as a final report.
- The project outcomes, including the developed solutions, will have to be disseminated to relevant stakeholders, such as public administrations and private entities (in particular SMEs), showcasing the benefits of streamlining compliance processes and reducing administrative burdens.
Objective
The complexity and volume of reporting requirements stemming from EU legislation are growing, posing difficulties for both regulatory bodies to enforce laws and for public and private entities trying to comply. These challenges underscore the need for innovative solutions to streamline compliance processes and enhance competitiveness within the EU.
This objective will support projects testing digital solutions for transmitting information relevant for compliance with EU legislation (e.g. regulations on environmental issues) and automate the compliance process for a number of pilot use cases.
Regulatory reporting requirements cover a wide range of information, from aggregate (e.g. company
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