Tuesday 17 July 2018 13:24
The European Securities and Markets Authority (ESMA) has published its response to the European Commission (EC) Consultation Document seeking feedback to evaluate the Fitness of the European Union (EU) framework for public reporting by companies (Fitness Check). ESMA’s response focuses on those matters falling under the remit of securities regulators, and emphasises the requirements applicable to issuers admitted to trading on regulated markets.
ESMA, consistent with its prior positions, strongly disagrees with the introduction of the possibility to modify the content of IFRS as issued by the International Accounting Standards Board (IASB) (a mechanism known as ‘carve-in’).
In ESMA’s view, any European-specific…
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July 17, 2018 at 04:54PM