Regulatory Alerts2024-03-29 | C626C626 Issuers - ESMA Public Statement 'European common enforcement priorities for 2023 annual financial reports'
The Cyprus Securities and Exchange Commission (CySEC) issued a circular on March 29, 2024, urging issuers to adhere to the European Securities and Markets Authority's (ESMA) common enforcement priorities for 2023 annual financial reports. The priorities focus on the impact of climate and environmental issues on IFRS financial statements, non-financial disclosures including Taxonomy Regulation Article 8 and Scope 3 emissions, and proper application of Alternative Performance Measures and ESEF formatting. CySEC will integrate these priorities into its supervisory assessments and enforcement actions for the 2023 reporting year.
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