The European Securities and Markets Authority (ESMA) has published priorities for European regulators to consider when examining the 2019 annual financial reports of listed companies. In particular, ESMA have prioritised enforcing the recent changes made to financial reporting standards. This includes exercising significant judgement in the application of Lease disclosures under IFRS 16, noting the improvement […]
The European Securities and Markets Authority (ESMA) have released the third in a series of tutorial videos designed to guide relevant market participants through the transition to European Single Electronic Format (ESEF), which is set to come into force in January 2020. The video aims to answer ten questions on the ESEF regulation that are […]
The European Securities and Markets Authority (ESMA) have published a report looking into the inconsistencies of fintech licencing across the EU. ESMA surveyed national competent authorities on the licensing regime of fintech firms in their jurisdictions, looking to assess how existing regulation of fintech firms diverge. While national authorities across the EU do not treat […]
This week Steven Maijoor, Chair of the European Securities and Markets Authority, made a speech at the 2019 Eurofiling Conference on the continuous work ESMA are doing to improve the quantity, quality, and availability of data, including in the context of financial reporting. Maijoor says “Financial reporting is a means of communicating and in the digital age […]
This week the European Securities and Markets Authority (ESMA) published the taxonomy for facilitating the implementation of the Regulatory Technical Standard (RTS) for ESEF.
The European Securities and Markets Authority (ESMA) has published a webinar on the Legal Entity Identifier (LEI). The webinar, which is available to view on YouTube, covers LEI requirements under MiFID II and other legislation such as EMIR and SFTR. A number of EU regulations and directives already require the use of a LEI, and […]
XBRL Denmark has announced that their XBRL Nordic IV Conference will be held in Copenhagen on 28 March 2019 at the Danish Business Authority. At XBRL Nordic IV, the focus will be on the forthcoming reporting of accounting information to the European Securities Authority ESMA, ESEF reporting. For more information please visit the XBRL Denmark […]
Right at the end of 2018 the European Commission endorsed the technical standards (RTS) requiring Inline XBRL filings for IFRS annual reports for public companies from 2020.
Just in time for the end of the year, the European Commission this week endorsed technical standards requiring Inline XBRL filings for IFRS annual reports for public companies. The RTS that has been transmitted to the European Council and European Parliament includes a complete translation of the IFRS taxonomy into all 23 official languages used […]
With the 2020 switch to European Single Electronic Format (ESEF) fast approaching the European Securities and Markets Authority (ESMA) have released the first in a series of tutorial videos designed to guide relevant market participants through the new requirements.