21st ASCG Preparer Forum on Electronic Financial Reporting according to ESEF

On 7 March 2025, the 21st ASCG’s preparer forum on electronic financial reporting according to ESEF was held as a video and telephone conference.

The more than 80 participants from ASCG’s members (preparers, audit firms and associations) discussed the Draft Regulatory Technical Standards published by ESMA aiming to amend the regulatory technical standard laid down in Delegated Regulation (EU) 2019/815 (“ESEF Regulation”) as regards the single electronic reporting format (ESEF). The discussion focused on the proposed new marking up rules for IFRS consolidated financial statements.

The meeting was motivated by the publication of a consultation paper by the European Securities and Markets Authority (ESMA). In December 2024, ESMA published a consultation paper which, in addition to incorporating the requirement to marking up sustainability disclosures, including the disclosures provided for in Article 8 of Regulation (EU) 2020/852, in the ESEF Regulation, also includes comprehensive proposals for amending the requirements for the marking up of disclosures in the Notes to the IFRS consolidated financial statements (we reported).

The preparer forum exclusively provides our members with insights into current developments and serves as a platform to discuss issues related to the implementation of electronic financial reporting according to ESEF. We would like to thank our members for their participation and look forward for the next meeting of the preparer forum on electronic financial reporting according to ESEF.

An appointment for the next preparer forum has not yet been set. An announcement with a request for registration will be circulated in due course.