ESMA sees room for improvement in the supervision of the enforcement of financial information

  • ESMA (European Securities and Markets Authority) (dark gray) Image

19 Jul, 2017

The European Securities and Markets Authority (ESMA) has published the results of a review of the supervision of the enforcement of financial information (IFRS) according to the ESMA Guidelines on enforcement of financial information in the EU member states.

The report identifies that further improvements are needed in relation to:

  • how issuers are selected to examine their financial information;
  • the depth of inquiries into financial statements going beyond correcting disclosure; and
  • the financial and human resources allocated to the enforcement of financial information.

The report also notes that five of the jurisdictions – Malta, Portugal, Romania, Sweden, and UK – do not fully comply with the fifth of the final guidelines, which requires that use selection models in which all issuers are eligible to be selected for scrutiny.

Please click for additional information on the ESMA website:

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.