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Please be informed that the Luxembourg commission de surveillance du secteur financier (CSSF) has decided to postpone the application of the requirements of the European single electronic format...
Please be informed that the Luxembourg commission de
surveillance du secteur financier (CSSF) has decided to postpone
the application of the requirements of the European single
electronic format (ESEF) to annual financial reports by one
year.
The application of these requirements has thus been delayed by
one year for issuers whose home Member State is Luxembourg pursuant
to the Luxembourg law of 11 January 2008 on transparency
requirements for issuers, as amended (the “Transparency
Law”). Consequently, these requirements will first apply to
annual financial reports covering periods beginning on or after 1
January 2021. However, for periods before that date, issuers may
already decide to apply the ESEF requirements on a voluntary
basis.
Should you wish to read the full press release on this topic
published by the CSSF on 21 January 2021, please click here
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.