1.   The ESAs, through the 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 reporting by financial entities. The joint report shall explore ways to facilitate the flow of 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:

• (a) prerequisites for the establishment of a single EU Hub;
• (b) benefits, limitations and risks, including risks associated with the high concentration of sensitive information;
• (c) the necessary capability to ensure interoperability with regard to other relevant reporting schemes;
• (d) elements of operational management;
• (e) conditions of membership;
• (f) technical arrangements for financial entities and national competent authorities to access the single EU Hub;
• (g) a preliminary assessment of financial costs incurred by setting-up the operational platform supporting the single EU Hub, including the requisite expertise.