European Single Electronic Format (ESEF) Regulation

The European Single Electronic Format (ESEF) Regulation came into force on 18 June 2019. It will apply to annual financial reports containing financial statements for financial years beginning on or after 1 January 2020. It will require issuers whose securities are admitted to trading on a regulated market to finalise their annual financial reports using up-to-date digitalised business reporting systems (XHTML and iXBRL).  The purpose of this new format is to improve accessibility and make the information more user-friendly.

For further information, please see:

• The European Commission’s press release announcing the publication of the ESEF Regulation; and
• Frequently asked questions on the European single electronic format (ESEF)