Workshop on the European Single Electronic Format
ESMA published public working drafts of the regulatory extension taxonomy and the filing rules: standards.eurofiling.info/esma. Any input is welcome (but most welcome until 16 June 2017). Please write to email@example.com
ESMA invitation with full details downloadable here
Presentation slides of this session downloadable here
12:00 – 12:30 New reporting obligations, legal context and general timeline of introduction of ESEF. Michael Komarek
12:30 – 13:00 ESEF standards, tools, methods and practices. Technological components and types of solutions necessary to be considered by filers, vendors and consulting firms. Bartosz Ochocki
13:00 – 13:45 Taxonomy resources, release and change management. IFRS XBRL taxonomy extension and architecture, resources, change management and release management approach. Bartosz Ochocki
13:45 – 14:15 ESEF reports filing rules guiding preparation and submission of future ESEF reports. Bartosz Ochocki
14:15 – 14:45 Stakeholders engagement and communication, including the planned field test of ESEF. Q&A. Michael Komarek, Bartosz Ochocki.
ESMA press news 11 May 2017:
This workshop is organised in the context of Eurofiling XBRL week and is open to the interested public, free of charge.
The European Securities and Markets Authority (ESMA) is drafting a regulatory technical standard (RTS) specifying an European Single Electronic Format (ESEF) in which annual financial reports have to be prepared. ESMA published in December 2016 a Feedback Statement on its consultation that sets out the general approach and is currently working on the detailed technical specifications.
In this context, the objective of the workshop is to inform participants about the current considerations regarding the detailed technical specifications as well as to provide them with an opportunity to comment on the working draft of the regulatory extension taxonomy and the filing rules.
This workshop is addressed to financial reporting and IT experts from filers, regulators, consulting and software firms. Considering the technical nature of the content, participants should have knowledge in XBRL/Inline XBRL.
ESMA is an independent EU authority that ensures the integrity, transparency, efficiency and orderly functioning of securities markets and strives to enhance investor protection. In the area of corporate reporting ESMA fosters convergence of accounting enforcement practices and consistent application of IFRS across Europe and develops regulatory technical standards relating to corporate disclosures.