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 […]
This week the European Securities and Markets Authority (ESMA) published a European Single Electronic Filing (ESEF) conformance suite to facilitate implementation of the regulations that came into effect at the start of this year. The Conformance Suite is aimed at XBRL software developers and is designed to test whether Inline XBRL software can create and […]
This week the XBRL Board of Directors has approved the progression to recommendation status of an important new specification: the Transformation Rules Registry (TRR4).
At yesterday’s XBRL Europe meeting in Milan, ESMA foreshadowed a number of activities that it will be taking in concert with NCAs (i.e: national securities regulators) during 2020.
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 Committee of European Auditing Oversight Bodies (CEAOB) has published important guidance for auditors reviewing financial reports published in accordance with the new ESEF regulations.
The use of Inline XBRL in Europe for public company IFRS Annual Financial Reports is just around the corner. We’ve seen a remarkable uptick in the capabilities of software and services that can produce Inline XBRL reports with the high level of design fidelity that preparers are accustomed to with PDF and paper-based reports. We […]
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