On 19 June 2024, the Council of the EU (Council) issued a press release stating that it had reached agreement on the text of the proposed Regulation amending Regulations (EU) No 1092/2010, (EU) No 1093/2010, (EU) No 1094/2010, (EU) No 1095/2010 and (EU) 2021/523 as regards certain reporting requirements in the fields of financial services and investment support. The proposal updates existing rules on data sharing between the European Supervisory Authorities and other financial sector authorities with the aim to reduce administrative burden for authorities in the financial sector. With this negotiating mandate, the Council is ready to engage in negotiations with the European Parliament on the final shape of the legislation.

On 30 January 2024, the European Parliament issued a press release stating that the Economic and Monetary Affairs Committee had voted to approve the text of the proposed Regulation. MEPs also agreed to begin negotiations with the Council.