The European Single Electronic Format (ESEF) will oblige the market issuers to use a single digital standard for their financial statements by 2020. Invoke White Paper explains this new regulation, its features, and its challenges by means of 10 key questions.
The Transparency Directive (2013/50/EU), published in 2004 and revised in 2013, aims to ensure the transparency of information intended for investors via regular disclosure of regulated information to the public. Its main objective is to facilitate access to companies' financial statements and their comparability for investors and regulators. What is the ESEF? How will it impact listed companies throughout the European Economic Area? How to comply and how to be prepared by 2020? 10 key questions to understand it all.
- What is the ESEF (European Single Electronic Format)?
- What are its specific features?
- Is the adoption of the XBRL standard new in Europe? What are the differences with SEC corporate reporting requirements in the US?
- What are the main concepts needed to understand ESEF reporting?
- What is the preparation process for an annual report complying with the ESEF’s inline XBRL requirements?
- When should companies start and what measures should be put in place?
- Are market software solutions ready for ESEF?
- How prepared are companies today?
- What are the initial lessons learned from the field tests?
- What is Invoke's approach and software solution for ESEF reporting?
Download the White Paper, and don't hesitate to contact us if you have any questions.
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