In 2013 the Transparency Directive, which sets rules on harmonisation of transparency requirements of issuers, was amended to include among others a requirement for issuers to prepare their annual financial reports in a single electronic reporting format. The European Securities and Markets Authority (ESMA) was assigned the responsibility to develop regulatory technical standards (RTS) to specify this electronic reporting format. The objectives of the provision are to make reporting easier for issuers and to facilitate accessibility, analysis and comparability of annual financial reports. The European Single Electronic Format is the electronic reporting format in which issuers on EU regulated markets shall prepare their annual financial reports from 1 January 2020.
The seminar is aimed at Finnish issuers with the aim to increase their awareness on the requirements of the ESEF-ESMA mandate. The seminar will provide an outlook on how XBRL facilitates financial reporting by rendering unstructured data into structured, machine-readable data. The seminar includes keynotes from the Finnish Finacial Supervisory Authority, ESMA, and Nasdaq. The seminar is organized by the Finnish Financial Supervisory Authority (FIN-FSA) and co-hosted by the Real-Time Economy program and XBRL Finland. XBRL Finland has setup a working group to assist Finnish issuers in the transition to this electronic filing. The working group had its first meeting in February 2018.
The seminar is free of charge, but requires registration. Sign up for the seminar here.
The venue of the seminar is Aalto University, located in Otaniemi, Espoo. The room is TU2 and it is located in the TUAS-building (address Maarintie 8). There is a newly-opened metro line that connects Otaniemi to Helsinki city center.