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ESMA publishes the 21st Extract from the EECS’s Database of Enforcement
ESMA is publishing extracts from its confidential database of enforcement decisions on financial statements, with the aim of providing issuers and users of financial statements with relevant information on the appropriate application of the International Financial Reporting Standards (IFRS). European enforcers monitor and review IFRS financial statements and consider whether they comply with IFRS and […]
ESMA publishes response to IASB Post Implementation Review of IFRS 10, 11 and 12
The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has today published its response to the International Accounting Standards Board (IASB) Post Implementation Review of IFRS 10, IFRS 11 and IFRS 12, including a report providing an overview of the implementation of the three standards by European issuers. The report draws on the experience of […]
ESMA updates its opinion on ancillary activity calculations
Market participants, under the revised Markets in Financial Instruments Directive (MiFID II), are required to measure their own activity against total market sizes in commodity derivatives. These sizes are important to enable market participants to assess whether they exceed the ancillary activity thresholds in MiFID II and consequently would have to apply for authorisation as […]