# Art. 21 — Centralisation of reporting

1. The ESAs, through the [Joint Committee](https://www.mica.wtf/definitions/definitions/dora/joint-committee), and in consultation with the ECB and ENISA, shall prepare a joint report assessing the feasibility of further centralisation of incident reporting through the establishment of a single EU Hub for [major ICT-related incident](https://www.mica.wtf/definitions/definitions/dora/major-ict-related-incident) reporting by financial entities. The joint report shall explore ways to facilitate the flow of [ICT-related incident](https://www.mica.wtf/definitions/definitions/dora/ict-related-incident) reporting, reduce associated costs and underpin thematic analyses with a view to enhancing supervisory convergence.
2. The joint report referred to in paragraph 1 shall comprise at least the following elements:
   1. prerequisites for the establishment of a single EU Hub;
   2. benefits, limitations and risks, including risks associated with the high concentration of sensitive information;
   3. the necessary capability to ensure interoperability with regard to other relevant reporting schemes;
   4. elements of operational management;
   5. conditions of membership;
   6. technical arrangements for financial entities and national competent authorities to access the single EU Hub;
   7. a preliminary assessment of financial costs incurred by setting-up the operational platform supporting the single EU Hub, including the requisite expertise.
3. The ESAs shall submit the report referred to in paragraph 1 to the European Parliament, to the Council and to the Commission by 17 January 2025.


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