ESMA, the EU's financial markets regulator, released its annual report on data quality and use. The report highlights a positive cycle where improved data quality enhances supervisory effectiveness and market monitoring. Significant improvements were noted in major regulatory datasets like EMIR and MiFIR, reflecting expanded data quality activities. ESMA and national authorities are increasing their supervisory use of the enhanced data, supporting investor protection and market integrity. The report also addresses simplification and burden reduction, gathering stakeholder input on streamlining reporting. An integrated reporting framework for investment funds is being developed to harmonize requirements and improve data efficiency. The scope of the report has expanded to include new reporting regimes and registers, such as Prospectus reporting. ESMA is increasing automation and utilizes advanced analytical tools for enhanced data analysis. Collaboration with national authorities is being strengthened to promote shared tools and coordination. These activities are part of ESMA's broader data strategy focused on modernizing data-driven supervision. A webinar will be held on June 18th to present the main findings of the report. The contact information for further inquiries is provided for interested parties.