ARTICLE
1 February 2021

Listed Companies: ESEF Requirements Delayed By One Year

AM
Arendt & Medernach

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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...
Luxembourg Corporate/Commercial Law

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.

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