ESMA seeks volunteers for its field tests with regard to the European Single Electronic Format (ESEF)

The CSSF draws your attention to a press release of the European Securities and Markets Authority (ESMA) which is seeking volunteers to take part in its field tests with regard to the European Single Electronic Format (ESEF).

ESMA is specifying the electronic format in which annual financial reports from 2020 will have to be prepared. In order to assess whether the draft rules are practicable and to determine to which extent they have to be improved, ESMA is organising field tests with interested stakeholders.

The target group of these field tests are issuers on European regulated markets from all industries preparing IFRS consolidated financial statements in accordance with the Transparency Directive as well as software vendors.

The deadline for applications is 14 July 2017. The final decision on a participation of stakeholders in the field tests lies with ESMA and will be communicated shortly after the deadline of application.

The press release is available on ESMA’s website at: https://www.esma.europa.eu/press-news/esma-news/esmaseeks-volunteers-field-tests-european-single-electronic-format-esef.