You are here:
20 December 2019 / news

LuxSE prepares for ESEF (European Single Electronic Format) compliance

From 1 January 2020, issuers on EU regulated markets falling under the scope of the Transparency Directive, will have to prepare annual financial reports in accordance with the new European Single Electronic Format (ESEF).

Man typing with financial graphics - CAPMA ESEF

EU-regulated listed companies who are subject to the obligation to disclose their annual financial report under the Transparency Directive will have to file their financial statements in the new European Single Electronic Format (ESEF).

The ESEF stems from Commission Delegated Regulation (EU) 2018/815 of 17 December 2018 supplementing the Transparency Directive 2004/109/EC.

The ESEF will apply to annual financial reports containing financial statements for financial years beginning on or after 1 January 2020.

More specifically, financial reports will have to be filed in XHTML format. This format is human-readable and can be opened with any web browser, thereby ensuring full transparency for investors.

Furthermore, if the issuer files IFRS consolidated financial statements, Inline XBRL technology should be embedded in the XHTML, allowing the financial information to be readable to the human eye, while at the same time being structured and machine-readable. 

The LuxSE’s Financial Instruments Reporting Services Tool (FIRST) will allow for the submission of XHTML format files or a ZIP containing at least one XHTML format file.

For more information, please consult the following page on the LuxSE’s website: https://www.bourse.lu/european-single-electronic-format



pencil, coins and building on green and blue background - Rules & Regulations of the LuxSE

The LuxSE updates its Rules & Regulations

The R&R have been updated to take into account both recent legal and regulatory developments read more
Picture-crisis-management-brandvoice-2019

How can board members and executives mitigate risks?

Today’s experts can advise on the right reflexes to adopt when working with the authorities to ensure good process management. read more
Man with computer and buildings in background - CAPMA PLUS tool

PLUS: a tool to comply with the hyperlink requirements

PLUS - is a tool to comply with hyperlink obligations under the new prospectus regime. read more