Update editors and introduction

SEMICeu · Dec 5, 2024 · ff4c4e4 · ff4c4e4
1 parent 59afab0
commit ff4c4e4
Showing 1 changed file with 47 additions and 29 deletions.
diff --git a/Reporting-Requirements-Metadata-Vocabulary/releases/0.0.1/index.html b/Reporting-Requirements-Metadata-Vocabulary/releases/0.0.1/index.html
@@ -31,17 +31,17 @@
 		, 
 
 		   {
-		    name: "Florian Barthelemy",
+		    name: "Andrea Giovanni Nuzzolese",
 
 
-		    company: "PwC EU Services",
+		    company: "University of Bologna",
 
 
 		    }
 		, 
 
 		   {
-		    name: "Emiel Dhondt",
+		    name: "Florian Barthelemy",
 
 
 		    company: "PwC EU Services",
@@ -51,24 +51,14 @@
 		, 
 
 		   {
-		    name: "Pavlina Fragkou",
-
-
-		    company: "European Commission",
-
-
-		    }
-		, 
-
-		   {
-		    name: "Andrea Giovanni Nuzzolese",
+		    name: "Emiel Dhondt",
 
 
-		    company: "University of Bologna",
+		    company: "PwC EU Services",
 
 
 		    }
-		, 
+, 
 
 		   {
 		    name: "Alexander Potloot",
@@ -93,15 +83,6 @@
 
 
 
-		   {
-		    name: "Zsófia Dudás",
-
-
-		    company: "PwC EU Services",
-
-
-		    }
-		, 
 
 		   {
 		    name: "Cecile Guasch",
@@ -130,6 +111,15 @@
 		    company: "University of Bologna",
 
 
+		    }
+		, 
+		 {
+		    name: "Zsófia Dudás",
+
+
+		    company: "PwC EU Services",
+
+
 		    }
 		, 
 
@@ -164,17 +154,17 @@
     var myowners = [
 
             {
-                value: "Celice Guasch (DIGIT)",
+                value: "Cecile Guasch (DIGIT)",
             },
             {
-                value: "Allessio Nardin (DIGIT)",
+                value: "Alessio Nardin (DIGIT)",
             },
             {
                 value: "Davide Audrito (DIGIT)",
             },
             {
                 value: "SEMIC",
-		href: "https://joinup.ec.europa.eu/collection/semic-support-centre",
+		href: "https://interoperable-europe.ec.europa.eu/collection/semic-support-centre",
             },
 	    { 
                 value: "DIGIT(al) support to digital-ready policies",
@@ -362,7 +352,35 @@ <h2>Summary</h2>
     <h2>
         Introduction
     </h2>
-
+     <p>  
+        As EU policies evolve, the demand for data in the form of reporting requirements from Member States and other stakeholders continues to grow.  
+        This may potentially lead to an increase in the regulatory reporting burden, as stakeholders need to increasingly monitor regulations to be fully compliant with them.  
+    </p>  
+
+    <p>  
+        To address this issue, the European Commission, in its 16 March 2023   
+        <a href="https://commission.europa.eu/system/files/2023-03/Communication_Long-term-competitiveness.pdf">Communication on the Long-term competitiveness of the EU</a>,  
+        committed to "make a fresh push to rationalize and simplify reporting requirements for companies and administrations with first proposals for each of the green, digital and economic thematic areas before the autumn.  
+        The aim should be to reduce such burdens by 25%, without undermining the related policy objectives.”  
+    </p>  
+
+    <p>  
+        In line with this effort, streamlining regulatory reporting burdens has been identified as a critical policy need for the European Commission's proposals.  
+        The European Commission aims to eliminate redundancies and harmonise reporting requirements to assist policy officers in understanding existing frameworks in detail.  
+        By avoiding duplicate requests and considering factors such as dates and reporting frequencies, the Commission seeks to optimise new requirements effectively.  
+        These efforts translated into the   
+        <a href="https://interoperable-europe.ec.europa.eu/collection/better-legislation-smoother-implementation/news/streamlining-regulatory-reporting-sortis-project-results">Study on Regulatory Reporting Standards (SORTIS)</a>,   
+        a combined effort of the University of Bologna, the University of Liège, and the European Commission.  
+        The project aimed to define a vocabulary to standardise and organise regulatory reporting metadata of EU legislations and to develop standard formulations to be able to identify the appropriate data of reporting requirements.  
+        The results of this study included a definition of a model known as   
+        <a href="https://interoperable-europe.ec.europa.eu/collection/better-legislation-smoother-implementation/news/streamlining-regulatory-reporting-sortis-project-results">Reporting Requirements Metadata Vocabulary (RRMV)</a>.  
+        This model aimed at defining the set of concepts and categories contained in reporting requirements within existing EU legislations and define their properties and the relations between them.  
+        It could serve as a base for interoperable reporting requirements monitoring solutions that could extract information and automatically feed regulatory reporting databases across different policy domains to be accessed by stakeholders.  
+    </p>  
+
+    <p>  
+        The aim of the model is to assist in the policy drafting process by automatically feeding a reporting requirements monitoring solution in turn minimising the duplication of reporting requirements.  
+    </p>  
 
 <h3>Context</h3>
     This document describes the Regulatory Reporting Metadata Vocabulary that was developed in the context of the SORTIS initiative. The purpose of this