Earlier this month the European Securities and Markets Authority (ESMA) published its Strategy on Sustainable Finance. The strategy sets out how ESMA will place sustainability at the core of its activities by embedding Environmental, Social, and Governance (ESG) considerations into its work.
At the end of 2020 the European Securities and Markets Authority (ESMA) updated the ESEF XBRL taxonomy files to reflect the 2019 update of the ESEF Regulation. The XBRL taxonomy files that have been released are based on the IFRS Taxonomy and compliant with all technical and legal requirements of the ESEF regulation. They are also available in all […]
The European Securities and Markets Authority (ESMA) review of market data prices has found that the Markets in Financial Instruments Directive (MiFID II) has not delivered on its objective of reducing the cost of market data or of establishing a consolidated tape for equities. MiFID II requires venues and data providers to publish market data […]
On a Eurofiling call this week ESMA clarified a question that we’ve certainly heard from around Europe and the world. Basically — what happens to PDF versions of an annual report? ESMA emphasises that EU issuers are only compliant with the ESEF regulation if the publication of an Annual Financial Report to the public (eg. on […]
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 […]