On 25 February 2022, the European Banking Authority (EBA) published a report concerning the European Systemic Risk Board’s (ESRB) recommendation for the introduction of an EU legal framework to uniquely identify legal entities engaged in financial transactions. The EBA’s report provides information on the substance, such as the legal form of the measure and the type of financial institutions covered, as well as on the timing of the actions taken by the EBA in relation to the implementation of the recommendation.