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

    FINMA Approves Merger of Credit Suisse and UBS

    The Swiss Financial Market Supervisory Authority (FINMA) has approved the takeover of Credit Suisse by UBS.

    March 21, 2023 WebPage Regulatory News

    BOE Sets Out Its Thinking on Regulatory Capital and Climate Risks

    The Bank of England (BOE) published a working paper that aims to understand the climate-related disclosures of UK financial institutions.

    March 13, 2023 WebPage Regulatory News

    OSFI Finalizes on Climate Risk Guideline, Issues Other Updates

    The Office of the Superintendent of Financial Institutions (OSFI) is seeking comments, until May 31, 2023, on the draft guideline on culture and behavior risk, with final guideline expected by the end of 2023.

    March 12, 2023 WebPage Regulatory News

    APRA Assesses Macro-Prudential Policy Settings, Issues Other Updates

    The Australian Prudential Regulation Authority (APRA) published an information paper that assesses its macro-prudential policy settings aimed at promoting stability at a systemic level.

    March 07, 2023 WebPage Regulatory News

    BIS Paper Examines Impact of Greenhouse Gas Emissions on Lending

    BIS issued a paper that investigates the effect of the greenhouse gas, or GHG, emissions of firms on bank loans using bank–firm matched data of Japanese listed firms from 2006 to 2018.

    March 03, 2023 WebPage Regulatory News

    HMT Mulls Alignment of Ring-Fencing and Resolution Regimes for Banks

    The HM Treasury (HMT) is seeking evidence, until May 07, 2023, on practicalities of aligning the ring-fencing and the banking resolution regimes for banks.

    March 02, 2023 WebPage Regulatory News

    MFSA Sets Out Supervisory Priorities, Issues Reporting Updates

    The Malta Financial Services Authority (MFSA) outlined its supervisory priorities for 2023

    March 02, 2023 WebPage Regulatory News

    German Regulators Issue Multiple Reporting Updates for Banks

    Deutsche Bundesbank published the nationally deactivated validation rules for the German Commercial Code (HGB) users on the taxonomy 3.2, which became valid from December 31, 2022

    March 02, 2023 WebPage Regulatory News

    BCBS Report Examines Impact of Basel III Framework for Banks

    The Basel Committee on Banking Supervision (BCBS) published results of the Basel III monitoring exercise based on the June 30, 2022 data.

    February 28, 2023 WebPage Regulatory News

    PRA Consults on Prudential Rules for "Simpler-Regime" Firms

    Among the recent regulatory updates from UK authorities, a key development is the first-phase consultation, from the Prudential Regulation Authority (PRA), on simplifications to the prudential framework that would apply to the simpler-regime firms.

    February 28, 2023 WebPage Regulatory News
    RESULTS 1 - 10 OF 8806