Featured Product

    ESMA Updates Reporting Manual on European Single Electronic Format

    July 09, 2020

    ESMA updated the reporting manual on the European Single Electronic Format (ESEF). The update expands existing guidance and reflects relevant developments in the technical specifications. New additions to the updated manual include guidance on naming conventions for extension taxonomy files and definition of extended link roles in extension taxonomies. The manual is intended to assist issuers and software vendors in creating Inline XBRL documents that are compliant with the regulatory technical standards on ESEF. The manual was originally published by ESMA in December 2017 and the later updated in July 2019.

    The reporting manual on ESEF provides guidance on common issues that may be encountered when creating Inline XBRL documents and explains how to resolve them. The purpose of the manual is to promote a harmonized and consistent approach for preparation of annual financial reports in the format specified in the regulatory technical standards on ESEF. The guidelines in this manual are aimed to facilitate the analysis and comparison of XBRL data contained in Inline XBRL documents by investors and other users. The manual provides guidance on the expected syntax and structure of Inline XBRL documents and issuers’ XBRL extension taxonomies. Understanding of certain highly technical parts of the manual  requires the reader to have a working knowledge of the XBRL 2.1, XBRL Dimensions 1.0, Inline XBRL 1.1, and other XBRL specifications, to be familiar with the IFRS Taxonomy, and to have a basic understanding of XML, Namespaces, and XML Schema. The ESEF reporting manual is aimed at all market participants involved in the implementation of the requirements set out in the ESEF Delegated Regulation, particularly in the first-time preparation of IFRS consolidated financial statements in Inline XBRL.


    Related Links

    Keywords: Europe, EU, Banking, Insurance, Securities, Reporting, ESEF, IFRS, ESEF Regulation, Regulatory Technical Standards, IFRS Taxonomy, ESMA

    Featured Experts
    Related Articles
    News

    EBA Guide to Monitor Threshold for Intermediate Parent Undertakings

    The European Banking Authority (EBA) published the final guidelines on the monitoring of the threshold and other procedural aspects on the establishment of intermediate parent undertakings in European Union (EU), as laid down in the Capital Requirements Directive (CRD).

    July 28, 2021 WebPage Regulatory News
    News

    PRA Finalizes Approach to Supervision of International Banks

    In a recent Market Notice, the Bank of England (BoE) confirmed that green gilts will have equivalent eligibility to existing gilts in its market operations.

    July 26, 2021 WebPage Regulatory News
    News

    FCA Issues PS21/9 on Implementation of Investment Firms Regime

    The Financial Conduct Authority (FCA) published the policy statement PS21/9 on implementation of the Investment Firms Prudential Regime.

    July 26, 2021 WebPage Regulatory News
    News

    EBA Proposes Regulatory Standards to Identify Shadow Banking Entities

    The European Banking Authority (EBA) proposed regulatory technical standards that set out criteria for identifying shadow banking entities for the purpose of reporting large exposures.

    July 26, 2021 WebPage Regulatory News
    News

    IOSCO Proposes Recommendations on ESG Ratings and Data Providers

    The Board of the International Organization of Securities Commissions (IOSCO) proposed a set of recommendations on the environmental, social, and governance (ESG) ratings and data providers.

    July 26, 2021 WebPage Regulatory News
    News

    ESMA Group Issues Recommendations on RFR Switch in Interdealer Market

    The European Securities and Markets Authority (ESMA) published recommendations from the Working Group on Euro Risk-Free Rates (RFR) on the switch to risk-free rates in the interdealer market.

    July 26, 2021 WebPage Regulatory News
    News

    EC to Defer Application of SFDR Standards Till July 2022

    The European Commission (EC) announced plans to defer the application of 13 regulatory technical standards under the Sustainable Finance Disclosure Regulation (2019/2088) by six months, from January 01, 2022 to July 01, 2022.

    July 23, 2021 WebPage Regulatory News
    News

    EIOPA Consults on Reporting and Disclosures Under Solvency II

    The European Insurance and Occupational Pensions Authority (EIOPA) proposed to amend the supervisory statement on supervision of run-off undertakings that are subject to Solvency II regulation.

    July 23, 2021 WebPage Regulatory News
    News

    BoE Consults on Approach to Setting MREL, Publishes Bail-In Guidance

    The Bank of England (BoE) published a consultation paper on approach to setting minimum requirement for own funds and eligible liabilities (MREL), an operational guide on executing bail-in, and a statement from the Deputy Governor Dave Ramsden.

    July 22, 2021 WebPage Regulatory News
    News

    EBA Seeks Views on Proportionality Assessment Methodology

    The European Banking Authority (EBA) is seeking preliminary input on standardization of the proportionality assessment methodology for credit institutions and investment firms.

    July 22, 2021 WebPage Regulatory News
    RESULTS 1 - 10 OF 7295