In accordance with the proportionality requirement set out in Article 20(a), second sub-paragraph of Regulation (EU) 2022/2554, the reporting timelines should not pose burden to microenterprisesmeans a financial entity, other than a trading venue, a central counterparty, a trade repository or a central securities depository, which employs fewer than 10 persons and has an annual turnover and/or annual balance sheet total that does not exceed EUR 2 million; and other financial entitiesas defined in Article 2, points (a) to (t) that are not significant. Therefore, the reporting timelines should take into account, in particular weekends and bank holidays.