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 microenterprisesa 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.