ESMA publishes the 2024 ESEF Reporting Manual
July 11, 2024 The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, published the update of its Reporting Manual on the European Single Electronic Format (ESEF) supporting a harmonised approach for the preparation of annual financial reports. ESMA has also updated the Annex II of the Regulatory Technical Standards (RTS) on ESEF. The updated Manual provides technical improvements and guidance to facilitate the analysis and comparison of the data, such as : – recommendations when tagging empty fields or dash symbols; The Manual intends to promote a harmonised and consistent approach for the preparation of annual financial reports in the format specified in the RTS on ESEF, providing guidance on common issues that may be encountered when creating ESEF documents, and explaining how to address them. Issuers are expected to follow the guidance provided when preparing their 2024 annual financial reports. Software firms are also expected to follow the guidance when developing software used for the preparation of annual financial reports in Inline XBRL. To find out more details please visit : https://www.esma.europa.eu/ |