EU
Financial Reporting: Commission adopts explanatory note on the European Single Electronic Format (ESEF)
The European Commission has adopted an explanatory note on how the new European Single Electronic Format (ESEF) will work for listed companies in the European Union. From 2021 onwards, all listed companies in the EU will be able to use the ESEF – a new, single electronic document – when publishing their annual financial reports.
The aim of ESEF is to make it easier for listed companies to meet transparency requirements and ultimately to enhance transparency on EU capital markets. More transparency will ensure that investors get better information and are able to make more informed decisions about their investments. This, in turn, leads to more money flowing into EU capital markets, helping companies recover, grow and create new jobs. Following requests from stakeholders, today's note clarifies how to apply certain provisions of EU law in the context of the ESEF, including the audit of ESEF-compliant annual financial statements, the use of an electronic signature, as well as issuers' responsibilities and liabilities.
The text of the note, as well as a Q&A on the ESEF are available online.
Share this article:
EU Reporter publishes articles from a variety of outside sources which express a wide range of viewpoints. The positions taken in these articles are not necessarily those of EU Reporter. Please see EU Reporter’s full Terms and Conditions of publication for more information EU Reporter embraces artificial intelligence as a tool to enhance journalistic quality, efficiency, and accessibility, while maintaining strict human editorial oversight, ethical standards, and transparency in all AI-assisted content. Please see EU Reporter’s full A.I. Policy for more information.
Why China and Russia did not come to the aid of Iran? Yes, they did!
Lebanon, Hezbollah and the price of caution
Going down a treat...that's top chef Dev Biswal
Why right-wing populism remains popular 10 years post-Brexit
DG Translation in a city near you: June events
Improving energy efficiency of buildings to reduce bills and save energy
Stepping out...to get the UK back in European Union
Energy use in the industry sector continues to decline
Commission welcomes political agreement on the Return Regulation
Commission issues opinions on temporary internal border controls in Schengen Area
EU and Moldova strengthen cooperation on jobs, skills and social rights
EU agri-food trade surplus expands in February 2026
Commission disburses €7.2 billion to Poland under NextGenerationEU
Africa CDC urges protection for Ebola aid workers
High-speed drama shatters Monaco’s tranquil façade
Mobile liver testing rolls into Brussels
Kazakhstan reforms under scrutiny at Brussels Press Club round table
Japan should face up to history and contribute more to regional peace
Ambassador calls for 'speeding up' of co-operation between EU and Kazakhstan
Timur Turlov at Smart Moves Summit 2025: How chess can transform global education
Shevtsova’s case: Out-of-court sanctions dismantling trust in Ukrainian cause
The future of European transport
Trump Vs Trueman
