Paris, 22 December 2022
The Joint Committee of the European Supervisory Authorities (EBA, EIOPA and ESMA – ESAs) published today the list of identified financial conglomerates for 2022.
The 2022 list includes 63 financial conglomerates with the head of group located in the European Union or European Economic Area.
Documents
JC_2022_71_LIST_OF_IDENTIFIED_FINANCIAL_CONGLOMERATES_-_2022.PDF
Source – ESMA
ESMA publishes 2022 ESEF XBRL taxonomy files ESEF Conformance Suite
Paris, 22 December 2022
The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has today published the 2022 European Single Electronic Format (ESEF) XBRL taxonomy files and an update to the ESEF Conformance Suite to facilitate the implementation of the ESEF Regulation.
ESMA aims to facilitate the ESEF implementation by providing to XBRL taxonomy files and Conformance Suite test files that reflect the requirements from the 2022 draft update to the ESEF Regulation and the 2022 update to the ESEF Reporting Manual.
Today’s publication aims to ease preparations by software vendors and issuers on the 2022 IFRS consolidated financial statements with the latest version of the ESEF format. Nevertheless, only after the entry into force of the 2022 update to the ESEF Regulation, the 2022 ESEF taxonomy files and the updated Conformance Suite will discharge issuers from their ESEF obligations for their annual financial reports concerning financial years beginning on or after 1 January 2022. Issuers may use the 2021 ESEF taxonomy files and conformance suite provided by ESMA in December 2021 for their annual financial reports concerning financial years beginning on or after 1 January 2022.
Background
The 2022 draft update to the ESEF regulation was submitted by ESMA in June 2022, it was adopted by the European Commission on 21 September 2022 and the scrutiny of the European Parliament and Council ended on 21 December 2022 with no objection.
The 2022 ESEF taxonomy is based on the 2022 IFRS Taxonomy, prepared and updated annually by the IFRS Foundation. The IFRS Foundation also publishes a versioning document explaining the changes compared to the previous taxonomy. The ESEF taxonomy package includes labels in all EU languages.
The ESEF Regulation requires that all issuers with securities listed on an EU regulated market prepare their annual financial reports in xHTML and mark-up the IFRS consolidated financial statements contained therein using XBRL tags and the iXBRL technology.
Next steps
The 2022 update to the ESEF regulation will enter into force on the twentieth day following that of its publication in the European Official Journal, which is due to happen by the end of 2022.
Source – ESMA