Regulatory Alerts2020-07-21
Added · Updated
PS20/14: Delay to the implementation of the European Single Electronic Format (ESEF)
The UK Financial Conduct Authority issued Policy Statement PS20/14 to postpone the mandatory implementation of the European Single Electronic Format for issuers. This decision delays the requirement for annual financial reports to be prepared in XHTML format with tagged data, allowing market participants additional time to adapt their systems. The regulator aims to ensure a smoother transition and mitigate operational risks associated with the new reporting standards.
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