Option for Member States to delay ESEF by one year
15 Dec 2020
The European Parliament and the Council agreed to an amendment of the Transparency Directive allowing Member States to delay by one year the application of the European Single Electronic Format (ESEF) requirements for listed companies' annual financial reports, provided that they notify the Commission of their intention to do so, and of their sufficiently justified reasons.
Listed companies who wish to publish their ESEF annual financial reports in 2021 will still be able to proceed.
The announcement Coronavirus: EU agrees to rules to make it easier for firms to raise capital through the 'EU Recovery Prospectus' is available on the European Commission website.
