Frequently asked questions on the ESMA APM Guidelines
25 May 2016
In June 2015, the European Securities and Markets Authority (ESMA) published its final Guidelines on Alternative Performance Measures (APMs) for listed issuers that are effective from 3 July 2016. Since many questions on the application of these guidelines have reached the UK Financial Reporting Council (FRC), the FRC has developed a set of responses to frequently asked questions.
The publication is aimed of course at a UK audience, however, with the exception of the last question the answers are relevant to all EU issuers that come under the ESMA guidelines:
- What is an APM?
- Are APMs prohibited or required?
- Do the Guidelines apply to all APMs?
- What APMs should be provided?
- How should APMs be presented?
- What disclosures should be given about APMs?
- How will the FRC monitor compliance with the Guidelines?
Please click to access the questions and answers on the FRC website.
