Regulatory Alerts2024-02-15
AFM Market Watch 11: Alternative Performance Measures
The Dutch Authority for the Financial Markets (AFM) issued a thematic review revealing that Dutch-listed entities frequently fail to meet ESMA standards for disclosing Alternative Performance Measures (APMs). The regulator found widespread deficiencies in transparency, including inadequate reconciliations, misleading labels, and excessive prominence of non-IFRS figures in semi-annual reports. Issuers are urged to strictly adhere to ESMA guidelines to ensure reliable financial reporting, while investors and auditors are advised to critically evaluate these alternative disclosures.
Share