The European Banking Authority (EBA) and the European Securities and Markets Authority (ESMA) have called for further standardisation of data and the use of digital entity identifiers in their responses to the European Commission’s consultation on a new EU Digital Finance Strategy.
This week we are pleased to announce that two new software tools have reached XBRL Certified Software status. Report creation software Amelkis XBRL by Amelkis and CtrlPrint XBRL by CtrlPrint have passed the rigorous tests that ensure the interoperability of all XBRL Certified Software products.
An article by Romane Maguet and Thomas Verdin, of XBRL Europe, in Revue Banque this week calls for ESEF-style tagging to be extended to non-financial information.
The European Securities and Markets Authority (ESMA) has published a draft update to the ESEF Regulatory Technical Standards (RTS) to reflect the changes that have been made to the 2020 IFRS taxonomy.
XBRL International has conducted a survey of XBRL Certified Software™ vendors that offer report creation solutions for ESEF. We’ve now completed the production of reports on a country-by-country basis across the EEA and UK.
Leading by example, this week the Global LEI Foundation (GLEIF) published its annual report in Inline XBRL format. But GLEIF went further than that. The report has also been published on the ESMA website as an example ESEF report. The report conforms to the requirements set out in the ESEF Regulation and the guidance in […]
The recently released New Vision for Europe’s Capital Markets Report sets out an in-depth and granular plan of action to tackle the obstacles that have discouraged cross-border and foreign investment in the EU – including a single access portal for freely accessing all financial and non-financial data on eligible EU entities.
At yesterday’s Eurofiling digital gathering, ESMA’s Anna Sciortino provided a description of the next steps for the ESEF mandate, including updates to the taxonomy and RTS. Slides are available here. XBRL España’s Javier Mora has prepared an extremely detailed deck that analyses the ESMA ESEF Test Suite, with examples and descriptions. Software vendors that are working in […]
Spain’s National Securities Market Commission (CNMV), the College of Registrars of Spain and the Institute of Accounting and Accounts Auditing (ICAC) have reiterated the need for entitles trading on EU regulated markets to be prepared to submit their annual reports in accordance with the European Single Electronic Format (ESEF) regulations. With ESEF requirements coming into […]
The recently implemented European Single Electronic Filing (ESEF) mandate, which will require IFRS annual reports for 2020 onward to be reported with iXBRL tagging, isn’t just crucial for compliance. ESEF will also be of significant interest to investors, as noted in a blog post on Holland Fintech this week. ESEF will have a significant effect […]